More Zuckerberg Presidential Speculation As Facebook CEO Talks Universal Income


Facebook CEO Speaks At Harvard

Facebook CEO Mark Zuckerberg just gave a Harvard Commencement speech where he called on the need for universal basic income for Americans. The comment comes from a series of other Silicon Valley bigwigs who support the idea.

“Every generation expands its definition of equality. Now it’s time for our generation to define a new social contract,” said Zuckerberg. “We should have a society that measures progress not by economic metrics like GDP but by how many of us have a role we find meaningful. We should explore ideas like universal basic income to make sure everyone has a cushion to try new ideas.”

Other Silicon Valley Bigwigs Supporter Universal Income

American Money | Photo Credit Flickr

In addition, the billionaire also said that he built Facebook because he felt like he had a safety net if it didn’t work out. The idea here being that others can achieve greatness if they are only given the chance to do so.

Sam Altman, president of the venture capital firm Y Combinator has expressed similar views in the past. He said, “Everyone should have enough money to meet their basic needs—no matter what, especially if there are enough resources to make it possible. We don’t yet know how it should look or how to pay for it, but basic income seems a promising way to do this.”

The idea is that technology will advance to make this possible.

Zuckerberg Believes “Fear Of Failing” Can Be Eradicated

Mark Zuckerberg | Photo Credit Wccftech

CNBC reports:

“Zuckerberg said that, because he knew he had a safety net if projects like Facebook had failed, he was confident enough to continue on without fear of failing.”

“Others, he said, such as children who need to support households instead of poking away on computers learning how to code, don’t have the foundation Zuckerberg had. Universal basic income would provide that sort of cushion, Zuckerberg argued.”

  • Cecilia Owens

    I can’t state strongly enough how vehemently my feeling of contempt of this person goes. They usually HAVE to provide “clinical trials” when trying to convince the FDA that a new product for some ailment works/or doesn’t. Not this ‘guy’ he is a billionaire. Young enough to think he has the world in his grasp because of his “good ideas.” He actually has a good ‘scheme’ where a figure wil be deposted to an individual account for each person. How he plans to control individual spending is beyond me just because Congress has never been able to tighten its belt. The scheme is to eliminate the paper flow of money. All transactions will be handled by “user accounts.’ I don’t know how the amount will be determined or if they will be ‘equal’ or if there will be limitations. I’m certain there will. He is, typical of your ‘privileged white’ person, but not the norm at all. Don’t get sucked into this movie that will not end helping anyone or solve any economic problem facing the USA. We are people and need to assert ourselves as such to these idiots who think their ideas are just the ultimate solution. There is no such thing. It is a myth. You can bet, it is a scam. Please don’t give serious support to this ‘person.’ He is off limits. This is my opinion.

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