Biden rejects universal basic income idea popular in Silicon Valley

[Voltaire2]

14. yes well the problem is that the world is moving in the opposite direction

technological change is destroying jobs now, not creating them. Society is going to have to re-think what work is and how people engage in the economy. One way to smooth out the transition is a basic income. While the cost seems daunting, when the numbers are actually run it turns out that it costs far less then the nominal annual bill as there is a feedback loop where the output into the economy from the BI increases tax revenue back to the government. It is a giant permanent economic stimulus, kind of like the way our huge annual defense budget is also a permanent economic stimulus, only far more egalitarian.

Regional costs of living differences balance out over time. The details would have to be worked out of course, but neither funding nor regional COL are show stoppers.