Silicon Valley giant Y Combinator to give people varied amounts of cash in latest basic income trial

Start-up accelerator Y Combinator plans to roll out its initial cash handout trial to thousands of people across two U.S. states.

Its President Sam Altman has been one of many top Silicon Valley bosses to get behind the idea of basic income – the idea that all citizens should be paid a regular sum of money regardless of their employment status.

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  • LairdKintyre

    We currently have a clown in Canada running for the NDP who wants 30 billion dollars of tax payers money to eliminate poverty forever in Canada. Socialists make me laugh. They never stop trying and wont till they run out of everyone elses money. Even Jesus said, “”the poor you shall always have with you””.

    • DMB

      Poverty pimping is a very lucrative industry.

  • Maggat

    I my position, late 70s, small pension, that should seem a fine idea. but let’s be honest, this is the stupidest idea that I’ve ever heard.

  • Hard Little Machine

    I suspect there will be ZERO useful empirical data as a result of this.

  • Blacksmith

    I am going to go out on a limb here and predict it fails, I am going to go out even farther on teh limb and predict that working people will pay for this idiocy.

  • DMB

    This is welfare on steroids.