ELON MUSK BELIEVES “UNIVERSAL INCOME” IS THE BEST SOLUTION TO AI-INDUCED UNEMPLOYMENT
Elon Musk argues that in the future, AI and robots will create a massive amount of goods and services, causing the supply to increase faster than the amount of money in the economy.
Therefore, even if the government distributes money to citizens in the form of “universal high income,” it will not cause inflation, and may even lead to deflation, because production increases faster than the amount of money.
