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Billionaire Richard Branson Weighs in on Free Cash Handouts


Science & Tech  (tags: billionaire Richard Branson, technology, Universal Basic Income )

Judy
- 116 days ago - cnbc.com
Billionaire entrepreneur Richard Branson is the latest in a string of iconic businessmen to talk about cash handouts, or universal basic income, as a solution to jobs being replaced by technology.



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Comments

Darren Woolsey (218)
Wednesday August 16, 2017, 11:37 pm
Not so bright in the common sense geopolitical and economic department.
 

Peggy B (39)
Thursday August 17, 2017, 8:05 am
Homer R... Richard Branson is one of the most philanthropic billionaires. Whether his idea is good or bad I do believe I wouldn't describe him as elite scum. I do believe, as you do, that technology may eliminate some jobs it creates others. Unless a person becomes a professional they will probably need to recreate themselves in the workforce about 5 times in their lifetime. Education is important and ongoing education essential.
 

JL A (282)
Thursday August 17, 2017, 9:34 am
Good pointsPeggy. UBI works well in other countries and the more different kinds of voices speak of its value for the US, the more likely some elected officials will begin to seriously consider it similar to what is happening now with universal health care. Thanks Judy
 

Lenore K (0)
Thursday August 17, 2017, 1:17 pm
ok
 

Fiona Ogilvie (597)
Thursday August 17, 2017, 2:25 pm
Thank you, Judy.

I think this man is sensitive and concerned. Somewhere most greedy corporations and the repressive forces in our government choose to forget that computers were designed to make our lives easier and sometime in the further development of computers ....that will make for less employment especially druge employment.

Just my observations as an old and sometimes frustrated computer programmer......better times are coming and there should be income for all for the health and happiness of all and the health and happiness of a future fair vibrant economy.
 

Colleen L (3)
Friday August 18, 2017, 1:37 pm
Thanks Judy
 

Lenore K (0)
Friday August 18, 2017, 2:05 pm
ok
 

Patricia E G (63)
Friday August 18, 2017, 3:14 pm
Some ideas that were born in science fiction have been developed
into realities. In the works of Asimov, Bradbury, Wells and Verne we
see how literature explores the relationship between technology, society
and the individual in our future world. In "The Martian Chronicles" man
has colonized Mars. A possibility our space program is considering. So,
for technology to design a way for man/woman to have more free time
and less work time and get paid too, is obviously desirable.
 

Julie W (32)
Friday August 18, 2017, 5:33 pm
Not quite UBI, but I saw on TV a while ago an experiment in giving people in Africa (sorry, forget where) a lump sum - up to $1,000. They all used it wisely, mostly by starting small businesses. But that was Africa, where the culture is very different. An interesting point is that the amount was less than the money that had previously been spent on 'relieving poverty' over the years. I never did!
 

Julie W (32)
Friday August 18, 2017, 5:43 pm
Oops! 'It' never did (relieve poverty).
 

Janet B (0)
Friday August 18, 2017, 7:51 pm
Thanks
 

Dandelion G (367)
Saturday August 19, 2017, 1:24 pm
Good points - there should be a floor which no one should fall through. In particular since we live in a very wealthy country there should not be those begging for food and having no shelter while others have mansions all over the world and are shooting beautiful animals for trophies. This is not a healthy balance for anyone or anything.
 

Lenore K (0)
Saturday August 19, 2017, 2:29 pm
ok
 

Jerome S (0)
Sunday August 20, 2017, 4:40 am
thanks for sharing
 

Jim Ven (0)
Sunday August 20, 2017, 4:52 am
thanks
 

Lenore K (0)
Sunday August 20, 2017, 2:22 pm
ok
 

Ed Site Issues V (196)
Monday August 21, 2017, 3:53 am
Noted, Thanks
 

Roberto MARINI (90)
Monday August 21, 2017, 8:34 am
thank you
 

Barb SiteIssues V (199)
Monday August 21, 2017, 9:45 am
Noted, Thank you
 

Lenore K (0)
Monday August 21, 2017, 5:58 pm
ok
 

Judy C (97)
Tuesday August 22, 2017, 1:23 am
I definitely support the idea that everyone should be able to have the dignity of their needs being met, and should not have to fear the bottom falling out all the time. One should not have to live from crisis to crisis, or work themselves to death just trying to barely get by, while a few elites hoard almost all the resources. The guaranteed basic income should be absolutely mandatory.
 

Darren Woolsey (218)
Wednesday August 23, 2017, 11:01 am
Actually, technology does replace a lot of jobs. . . . before ATM's were introduced, people had to walk into bank branches, and SPEAK to a cashier who would deposit or withdraw money for them.

That's one of umpteen examples I can give. . . .

Technology has also in some contexts replaced the very useful function of COMMUNICATION. . . . you're aware of call centres and being placed in call queues, where you listen to an AUTOMATED voice. . .?

I agree with Judy. . . . people need to have their dignity recognized and acknowledged, and NOT be treated like another resource, a'la Corporate Capitalism.
 

Danuta W (1248)
Saturday August 26, 2017, 5:31 am
noted
 

Margie FOURIE (152)
Friday September 1, 2017, 5:56 am
Well I hope people listen to him.
 
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