Facebook CEO/Presidential Hopeful Ramps Up “Free Money” Ideals

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Facebook CEO, Mark Zuckerberg, is just one of the many celebrities and CEOs that appear to be putting in work for a 2020 election.

Zuckerberg’s hypothetical campaign may involve literally giving people free money.

Mark Zuckerberg | Photo Credit CNBC
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His most recent example includes a blueprint that exists in Alaska, where the government pays people to live in the area. Zuckerberg explains how universal income works in the area, but doesn’t really address Alaska’s deficits.

In addition to Alaska, he uses statistics from Facebook to describe how universal income could help individuals.

Alaskan Residents Earn Money To Live There

Mark Zuckerberg | Photo Credit Wccftech

CNBC writes:

Mark Zuckerberg: Alaska’s cash handout program “provides some good lessons for the rest of the country.”

“Zuckerberg said he supported Alaska’s Permanent Fund Dividend, which pools money from the state’s oil revenue and returns it to residents at the end of the year. In 2016, that dividend amounted to $1,022 per eligible resident.”

“He used his experience at Facebook to explain how the economics of human condition can change for the better if people are given a basic income to live off, such as the Permanent Fund Dividend in Alaska.”

Silicon Valley Believes Free Economy Possibility

The Big Bang Theory | Photo Credit CBS

Fortune writes:

“The idea of universal basic income—in which the government unconditionally pays all citizens a small amount of money to cover basic needs—has recently gained traction within the tech community, as phenomena like automation and the startup culture emerge.”

“Major figures who have publicly supported the idea as a form of more efficient government welfare include Sam Altman, President of Y Combinator, and Tesla CEO Elon Musk, who argues that the concept is a solution to unemployment caused by automation.”

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