Tech giants Elon Musk, Sam Altman push universal basic income concept

With an impending robot revolution expected to leave a trail of unemployment in its wake, some Silicon Valley tech leaders think they have a remedy to a future with fewer jobs — free money for all.
It’s called universal basic income, a radical concept that’s picking up steam as a way to provide all Americans with a minimum level of economic security. The idea is expensive and controversial — it guarantees cash for everyone, regardless of income level or employment status. But prominent tech leaders from Tesla CEO Elon Musk to Sam Altman, president of Mountain View-based startup accelerator Y Combinator, are proponents....
http://www.santacruzsentinel.com/social-affairs/20170520/tech-giants-elon-musk-sam-altman-push-universal-basic-income-concept