Elon Musk just

Elon Musk just agreed to give away a trillion dollars not because he's generous because he thinks money could become meaningless by 2036. Sounds crazy right? Here's why right now things cost a lot because people have to make them houses, food, trucking, but AI and robots will do most of that work faster and cheaper. When there's more than enough of something, the price falls. Look at phones. If food, housing, transport, and healthcare all get cheap, you won't need much money to live. A Nobel Prize winning economist at MIT challenged Elon if money won't matter by 2036, will you give away your entire fortune by then? Elon replied, I'm actually going to do something along these lines. And he isn't the only one. The AI 2040 report by researcher Daniel Kavetello imagines the same future. Governments taxing AI and robotics companies and paying everyone $45,000 a year at first, growing to almost $13 million per year by 2040. That's why Elon talks about universal high income, not universal basic income, but it creates a new problem. If work gave you purpose and work is gone, will you feel useless? Comment AI and follow for the latest tech news.