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Updates to the Y-Combinator Basic Income Study
by byonic

    We think everyone should have enough money to meet their basic needs—no matter what, especially if there are enough resources to make it possible. We don’t yet know how it should look or how to pay for it, but basic income seems a promising way to do this.

    One reason we think it may work is that technological improvements should generate an abundance of resources. Although basic income seems fiscally challenging today, in a world where technology replaces existing jobs and basic income becomes necessary, technological improvements should generate an abundance of resources and the cost of living should fall dramatically.