Source: 📖 21 Lessons for the 21st Century ch 2
Universal Basic Income is a proposed economic idea for dealing with job loss in a job market increasingly dominated by AI automation. The idea consists of taxing the billionaires and corporations that own the algorithms and broader automation systems that replace the working class, and use these funds to provide everyone with a generous income. This protects normal people from joblessness, and it protects the billionaires and corporations from populist rage.