Mark Zuckerberg: Free Money for Everyone

[Lieldoryn]

What a pathetic attempt at virtue signaling. If Zuckerberg is serious about the universal basic income then it's time to put up or shut up! He's a billionaire, he could easily provide for several thousand people and have enough money to have a normal life

His charity is just limited to making statements to the press. Mark Zuckerberg is worth some $63 billion as of now. If he want, he can adopt a third world country such as Somalia or Afghanistan, and change the living conditions there.

Zuckerberg doesn't want to help people. It's just PR. It is impossible to provide money, even if you're a multimillionaire. If Zuckerberg wanted to help people he would have organized a super Internet project where people from third countries could, through the Internet to make money even without qualifications. It makes no sense to feed people fish, you need to give them a rod and teach to fish.

[Mometaskers]

This seems like a very wonderful idea. Imagine, you won't need to worry about stuff as you pursue your dreams! Gonna be a non-struggling artist now. 

The problem is, how are you even gonna implement this? It could be a nightmare having to find all that money. You might end up raising taxes
to extremely high levels, which pretty much makes the free money worthless. And even if you do...

You just have to look at all of Europe's welfare parasites to see how this will work out. So NO.

Just focus on the extremely poor. Don't subsidize everything for them so that they won't end up just waiting for their weekly allowance. Force them to send their children to school. If you are going to give them any subsidies, then just enough food stamp per person, and maybe a small cut in utilities like water and electricity. Note I said cut, don't give them cash which they can end up using wastefully.

[Hazir]

The only system that can create this is crypto currencies system. I told my friend that crypto currencies create equality between the rich and the poor, between developed countries and underdeveloped currencies and between amateurs and professional. The only thing we need to do is buying in early. Mark the done has said it all "free money for all"

One question: how cryptocurrency can be a cure for economic and social inequality?

People are so blind, there is no way to eliminate inequality completely. There always will be some individuals which are stronger, faster, better, more intelligent or lucky that others.
Cryptocurrencies won't change much, rich will be always richer - they can buy crypto as well -> became whales -> own the system. There is no way to prevent them from doing so.

[criptix]

But what about natural selection?
Normaly this people would just die and vanish from the gene pool, but with universal income they will just procreate like rabbits/cockroaches/rats.

they already are in parts of the world where you get free money from the state. intelligent people are too cautious to start breeding. the ones who are dumb as rocks go for it and assume someone's gonna pick up the bill, and they do.

Yes the western+northern european social welfare system is similar and the nations still nearly have full employment + low birthrate.

So universal income wouldnt change much there.
There are several cost studies and i.e germany would safe money with universal income.

Question is now do this work for 3rd world countries?
Two problems which i see are:

High unemployment which leads to low tax income.
High birth rate which leads to a high burden on the social system.

My conclusion would be nations like the phillipines are centuries away from universal income and that directly makes it hard for industry nations to implement it (immigration and equality).

[aggarwal233]

Mark Zuckerberg should start with facebook coin... it will be extremely popular

[BADecker]

Mark Zuckerberg should start with facebook coin... it will be extremely popular

Anybody who is rich, and won't give away some of his money when he says that that is the thing to do (check the OP), that kind of person never has money enough. Something like Facebookcoin would take too much of the control away from Zuckerberg. He probably wouldn't do it.

However. The idea would be good to start a free form of blochchain Facebook, with NO zuckerberg or anyone else to be able to meddle with it. Anybody could start it. An extended Segwit idea could make this happen - separate the history of the posts from the identities from the accounts from the locked/encrypted controls, etc. It would take a lot of work, but it could be done.

Much of what it would take has already been programmed by Maidsafe http://maidsafe.net/. Combining the Maidsafe idea (see bottom of this post) combined with Segwit likeness would free up the whole Internet to become like Facebook, with hidden identities when desired, and forum-like abilities, and website-making ease, and a whole lot of other things.

[ImHash]

Problem is where not even he can do anything to fix things, how much he has anyways like $100B? even that much is not enough, free income is possible but not the whole income, people have efficient income yet they try to earn more, a person can live with $50 a day but millions of people are earning $50,000+ a day and yet they want to earn more.
If governments give what they are getting from natural resources to their people why not having free money?
They are instead keeping that money and building armies with it.

[BADecker]

Free Money: Potential Presidential Candidate Mark Zuckerberg Suggests That All...

Should everyone in America receive a "basic income" directly from the federal government?  Considering the fact that we are already 20 trillion dollars in debt, such a concept may sound quite foolish to many of you, but this is an idea that is really starting to gain traction in leftist circles.  In fact, Facebook CEO Mark Zuckerberg suggested that this was something that we should "explore" during the commencement speech that he just delivered at Harvard.  For quite a while it has been obvious that Zuckerberg is very strongly considering a run for the presidency in 2020, but up until just recently we haven't had many clues about where he would stand on particular issues.  If he is serious about proposing a universal basic income for all Americans, that would make Zuckerberg very appealing to the far left voters that flocked to the Bernie Sanders campaign.

Yesterday, I discussed the fact that the number of Americans that are receiving money from the government each month has reached an all-time high, but Zuckerberg would take things much farther.  According to Zuckerberg, society would be far better off if everyone got an income from the government…

Read more at http://theeconomiccollapseblog.com/archives/free-money-potential-presidential-candidate-mark-zuckerberg-suggests-that-all-americans-should-get-a-universal-basic-income.

[Marma Kalari]

With that kind of money he has I would've jumped a pussy every week instead he married some body which I wouldn't tap without a bag over her head. /:

And that is the reason you are digaran and he is Mark Zuckerberg ,life is not all about jumping pussies,it is about moral ,respect and values,you might have friends relatives and followers if you are successful but the true people are those around you when you had nothing,so i respect his decision to marry her,because she did not meet the billionaire Mark Zuckerberg,she was with the nerd Mark Zuckerberg.

[rahmat92]

It's easy if he talks like that, because he's a lot of money, but he's too cocky if he comes to say free money for everyone, because everyone's income is not the same, do not be equal to other people's income like his income.

[joebrook]

Mark Zuckerberg should start with facebook coin... it will be extremely popular

I doubt Zuckerberg has any interest in crypto currency, and he should give us detailed analysis on how he is going to make his plan work, is he going to give the people his own money or convince people to donate.

[malikusama]

I don't think so it will work  free money means the decrease in the value of money and so the trading and business will also go down. I just want to say not a good idea by MARK.

[BADecker]

I don't think so it will work  free money means the decrease in the value of money and so the trading and business will also go down. I just want to say not a good idea by MARK.

Decrease in the value of money is beneficial to the poor.

Let's say a poor person earns $10,000 a year.
Let's say another person earns $100,000 a year.

If they each get $10,000 free, the poor guy doubles his income, while the bigger earner only increases his income by 10%.

Is it fair? Perhaps it might be in some cases. That extra $10,000 could certainly lighten the load of the poor guy. And it might even be just the thing that the high-income guy needs to pay up some bills he foolishly made for himself, thinking that his high income would be enough.

But few of the people will use their money like Zuckerberg suggests.

[Okurkabinladin]

^^^^^ Love your response.

All production workers must work overtime to make up for the money being spent by... er... themselves? The free money they got? Doesn't make any sense.

BADdecker, you really need to start to think more and write less.

You know where that "free money" is going to come from? The entire idea behind basic income?

Taxes.

Its hilarious you wrote about taxes being theft (which in some cases they can be argued to indeed be), yet here you jump at the idea for chimera of "free money" handed out by some central, all powerful government.

[BADecker]

^^^^^ Love your response.

All production workers must work overtime to make up for the money being spent by... er... themselves? The free money they got? Doesn't make any sense.

BADdecker, you really need to start to think more and write less.

You know where that "free money" is going to come from? The entire idea behind basic income?

Taxes.

Its hilarious you wrote about taxes being theft (which in some cases they can be argued to indeed be), yet here you jump at the idea for chimera of "free money" handed out by some central, all powerful government.

Aw, come on. Now you're just picking on me. Didn't you even read what I said? Just because I didn't say "taxes" right out in the open. How else would the money get from the workers back to themselves. Would it simply jump? Of course it has to be taxes.

Didn't you read the rest?

You're just picking on me.

 

[Okurkabinladin]

^^^^^ Love your response.

All production workers must work overtime to make up for the money being spent by... er... themselves? The free money they got? Doesn't make any sense.

BADdecker, you really need to start to think more and write less.

You know where that "free money" is going to come from? The entire idea behind basic income?

Taxes.

Its hilarious you wrote about taxes being theft (which in some cases they can be argued to indeed be), yet here you jump at the idea for chimera of "free money" handed out by some central, all powerful government.

Aw, come on. Now you're just picking on me. Didn't you even read what I said? Just because I didn't say "taxes" right out in the open. How else would the money get from the workers back to themselves. Would it simply jump? Of course it has to be taxes.

Didn't you read the rest?

You're just picking on me.

 

I am not picking on you, man, I am daring you to use your common sense and faith. Yes, you specifically, because in other threads you presented yourself as understanding of freedom and hard work. Others here were commie hypocrites betting on bitcoin from beginning, but not you.

Workers will pay taxes to central authority to receive small piece of it in return. Thus essentially state will turn everybody into its employees - and those employees will be paying to stay employed. Thats not even amoral, its criminal. If state doesnt need taxes for common basic utilities (health care, infrastructure) then it doesnt need them at all.

And I can perfectly understand Zuckerberg for supporting it. To support such massive wealth redistribution of every single income in country, you need a robust database. He can provide for that. For a small fee from your taxes.

How the hell do you think oligarchs in my country emerged? Tax payer is the best kind of customer, he never says no.

[yohananaomi]

Mark Zuckerberg: Free Money for Everyone

Facebook founder Mark Zuckerberg gave the commencement address at Harvard for the Class of 2017, where he suggested a Universal Basic Income, meaning free money for everyone, so they could be creative and pursue their dreams. Media analyst Mark Dice has the story.

Mark Zuckerberg:
Free Money for Everyone -
"Universal Basic Income"

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

Still hard work and not quickly satisfied themselves is needed, no free meal without work.
Sorry there must be something that is pursued by working diligently.
always success

[BADecker]

^^^^^ Love your response.

All production workers must work overtime to make up for the money being spent by... er... themselves? The free money they got? Doesn't make any sense.

BADdecker, you really need to start to think more and write less.

You know where that "free money" is going to come from? The entire idea behind basic income?

Taxes.

Its hilarious you wrote about taxes being theft (which in some cases they can be argued to indeed be), yet here you jump at the idea for chimera of "free money" handed out by some central, all powerful government.

Aw, come on. Now you're just picking on me. Didn't you even read what I said? Just because I didn't say "taxes" right out in the open. How else would the money get from the workers back to themselves. Would it simply jump? Of course it has to be taxes.

Didn't you read the rest?

You're just picking on me.

 

I am not picking on you, man, I am daring you to use your common sense and faith. Yes, you specifically, because in other threads you presented yourself as understanding of freedom and hard work. Others here were commie hypocrites betting on bitcoin from beginning, but not you.

Workers will pay taxes to central authority to receive small piece of it in return. Thus essentially state will turn everybody into its employees - and those employees will be paying to stay employed. Thats not even amoral, its criminal. If state doesnt need taxes for common basic utilities (health care, infrastructure) then it doesnt need them at all.

And I can perfectly understand Zuckerberg for supporting it. To support such massive wealth redistribution of every single income in country, you need a robust database. He can provide for that. For a small fee from your taxes.

How the hell do you think oligarchs in my country emerged? Tax payer is the best kind of customer, he never says no.

I didn't post the article because I agree with it. I posted it because it was interesting... and to see what people would say.

Then you said, above:

Its hilarious you wrote about taxes being theft (which in some cases they can be argued to indeed be), yet here you jump at the idea for chimera of "free money" handed out by some central, all powerful government.

That wasn't at all what I was saying. I was showing that the idea was kind of ridiculous - a worker working to pay himself free money through taxes. Look above.

[Sithara007]

I don't think so it will work  free money means the decrease in the value of money and so the trading and business will also go down. I just want to say not a good idea by MARK.

That is exactly what is going to happen. Once the supply of money increases, hyperinflation will follow and the prices of essential commodities will shoot up. The local currency will undergo devaluation, similar to what happened with the Venezuelan Bolivar.

[BADecker]

I don't think so it will work  free money means the decrease in the value of money and so the trading and business will also go down. I just want to say not a good idea by MARK.

That is exactly what is going to happen. Once the supply of money increases, hyperinflation will follow and the prices of essential commodities will shoot up. The local currency will undergo devaluation, similar to what happened with the Venezuelan Bolivar.

The one possible scenario that might work is if people all get free money a little bit at a time. As they get their free money, if they want to work less, and if robots take up the slack, we might finally end up with full pay, and robots doing all the work for free. Of course, this would have to be implemented slowly, a little at a time.