The Financial Freedom to Take Risks

Facebook CEO Mark Zuckerberg is one of many famous tech celebrities that believes everyone should have some amount of basic income. Now, one more voice is joining in to support the social media creator’s idea, and its Slack CEO and co-founder Stewart Butterfield.

Butterfield isn’t only known for making the team messaging app, but is also the co-founder of the Yahoo-owned, popular image website Flickr. On Twitter, the CEO shared his stance on the matter, saying that just by giving people a small amount, people may be more open to pursuing entrepreneurial idea and investments.

Butterfield joins Tesla CEO Elon Musk, Y Combinator president Sam Altman, and Microsoft co-founder Bill Gates. Zuckerburg has spoken repeatedly about his opinion on unconditional basic income (UBI), and has pointed to Alaska’s UBI program as as example the U.S. could learn from. Musk, in February, said the rise in autonomous technology will greatly impact the workforce, and could eventually force government to introduce a basic income program.

Photo Credit: Cade Roster / Flickr

Those Opposed

Despite the number of people in favor of the concept, knowing how much it is, and knowing how it works, it’s hard to tell if it will be incorporated any time soon, or at all. The idea of a “free handout” or “free money” doesn’t sit well with everyone, and some would probably prefer to earn their wages with hard work.

Universal Basic Income: The Answer to Automation?
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Furthermore, not every wealthy tech luminary and philanthropist agrees with UBI. Dallas Mavericks owner Mark Cuban, for example, has called it “one of the worst possible responses” to the evaporating job market. That said, he also believes existing safety net programs should be better, if only to be more efficient and able to distribute more money with cheaper operating expenses.

One thing is clear: basic income is a conversation that needs to be had, with its positive benefits put on display more prominently than its presumed faults.

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