Jul 7, 2017

Facebook Founder Mark Zuckerberg Again Calls for Basic Income

Posted by in categories: economics, government

Facebook founder and CEO Mark Zuckerberg took a trip to Homer, Alaska, this weekend to do characteristically Alaskan things, like catching fish, cutting fish, watching other people catch fish, oh, and thinking hard about the concept of basic income.

Zuckerberg visited Homer as part of his personal challenge to visit every state in America in 2017. While there, he took some time out of fishing to write a blog post about Alaska’s Permanent Fund Dividend, a state-sponsored form of basic income that redistributes profits from the state’s natural resources to its residents once a year, usually handing them around $1,000 per person (some years as much as $2,000).

“This is a novel approach to basic income in a few ways. First, it’s funded by natural resources rather than raising taxes,” Zuckerberg wrote. “Second, it comes from conservative principles of smaller government, rather than progressive principles of a larger safety net. This shows basic income is a bipartisan idea.

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