Cryptocurrency Q&A Does Elon Musk support UBI?

Does Elon Musk support UBI?

Chiara Chiara Sat Nov 16 2024 | 7 answers 1172
I'm wondering if Elon Musk, the well-known entrepreneur and innovator, supports the concept of Universal Basic Income (UBI). I'm curious about his stance on this topic. Does Elon Musk support UBI?

7 answers

Federico Federico Mon Nov 18 2024
Unlike traditional welfare systems, UBI does not place restrictions on how recipients spend the money.

Was this helpful?

118
50
CryptoAlchemy CryptoAlchemy Mon Nov 18 2024
Musk's concept of universal high income is an extension of the idea of universal basic income (UBI).

Was this helpful?

282
38
TaegeukChampion TaegeukChampion Mon Nov 18 2024
UBI is a financial model where all adults in a given population receive recurring cash payments.

Was this helpful?

211
24
GangnamGlitz GangnamGlitz Mon Nov 18 2024
These payments are provided without any considerations for the individual's wealth or employment status.

Was this helpful?

153
45
MysticChaser MysticChaser Mon Nov 18 2024
The primary advantage of UBI is that it provides a financial safety net for everyone.

Was this helpful?

43
64
Load 5 more related questions

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts