Facebook CEO Speaks At Harvard

https://www.youtube.com/watch?v=dJ741Z7yytU

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.”

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