What is Universal Basic Income?

The concept of Universal Basic Income has received a lot of news coverage lately. Icons of industry like Richard Branson, Mark Zuckerberg and Elon Musk have all voiced their support for this “social-security-for-all” type system. With the increases in automation and technology, billionaires like Musk say Universal Basic Income will become “necessary” given the mass unemployment in the near future.  

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