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Elon Musk’s proposal of ‘universal high income’ to combat AI job losses baffles economists: ‘So wrong on this’

Elon
New York Post Fews App News Provider
Fews App Post Time 2h ago

Originally Published by: Blue state tax plan on high-value homes fuels heated fairness debate White House lays out fixes for housing affordability problem Tax refunds surge this year; residents in 5 states get the most back Elon Musk turned heads Friday when he suggested that the federal government paying citizens a “universal high income” is the best way to combat AI-related job losses. “Universal HIGH INCOME via checks issued by the Federal government is the best way to deal with unemployment caused by AI,” Musk said in a post on his own X platform shortly after midnight Friday morning. The proposal, which is still pinned to the top of his X account, rebuffed the idea that such payments would be inflationary.

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