Chamath Palihapitiya: We've 'ripped the philosophical band-aid off' on universal basic income [CNBC]
Tesla, Inc. (TSLA)
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Source: CNBC
InvestorChamath Palihapitiya"We really need to think about direct, capital injections into the hands of people," Palihapitiya said on CNBC's"Fast Money Halftime Report.""We've already done it once, we've already ripped the philosophical band-aid off, there's nothing stopping us from saying, instead of two weeks, here's two months, or here's six weeks," Palihapitiya said. "We are that compassionate and we can be that compassionate." The government has already dolled out cash to some Americans as part of its $2 trillionstimulus billPalihapitiya's comments call to mind the idea of universal basic income, or UBI, which was a cornerstone of businessman 's presidential candidacy, and has been promoted by Silicon Valley luminaries such as Facebook CEO , Tesla CEO and former Y Combinator President . In tech circles, UBI is viewed as a way to help people whose jobs will be replaced by computerized equivalents, such as self-driving cars, as artificial intelligence gets better. But as the coron
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