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Transcripts For CNBC On The Money 20170729

Eric chemi Glimcher Toby tobie stanger. Michael tanner Cato Institute dana farber. Facebook Ceo Mark Zuckerberg called for a radical change in his speech to harvards graduating class we should explore ideas like universal basic income to make sure everyone has a cushion to try out new ideas. Its an unconditional periodic cash payment that the government makes to everyone, whether youre unemployed or wealthy, a 1,000 monthly government check would replace all current welfare programs, including social security. Another supporter, elon musk, said theres a pretty good chance we end up with a universal basic income due to automation the cash could fund basic needs like food and housing while people find new jobs in the digital economy, but opponents warn the digital allowance could actually increase poverty. Could univer ....

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