Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Check out the clicks on FoxBusiness.com.
Elon Musk He raised eyebrows on Friday when he suggested that the federal government paying citizens “universally high incomes” is the best way to deal with AI-related job losses.
Shortly after midnight on Friday morning, Musk posted on his X platform: “Achieving high incomes for all through checks from the federal government is the best way to deal with the unemployment caused by artificial intelligence.”
The proposal, still pinned to the top of his X account, refuted the idea: Payments will lead to inflation.
“The goods and services produced by AI/robots will far outpace the growth of the money supply, so there will be no inflation,” he wrote.
ANDREW YANG TO DONATE $1,000 MONTH TO 20 AMERICANS TO PROMOTE UBI
Elon Musk, CEO of SpaceX and Tesla and South African-Canadian-American businessman, speaks at the World Economic Forum (WEF) annual meeting in Davos on January 22, 2026. (Fabrice Coferini/AFP via Getty Images)
However, many economists disagree.
“He is dead wrong on this,” wrote Sanjeev Sanyal, a former senior economic adviser to India’s finance minister.
He wrote on
“Elon Musk’s widespread high income would bankrupt any government that tried to do this,” he concluded.
Tesla CEO Elon Musk attends the memorial service for political activist Charlie Kirk at State Farm Stadium in Glendale, Arizona, on September 21, 2025. (Wyn McNamee/Getty Images)
Stealth layoffs: AI is quietly excluding Americans from the job market, CEO warns
Another skeptic, Pratyush Rai, co-founder and CEO of Merlin AI, agreed.
“The basic math of UHI (Universal High Income) doesn’t work. If everyone gets a high income check, then everyone is competing for the same homes, land, schools and lifestyle,” he posted on X.
However, some would prefer that the plan has merit.
former democratic presidential candidate Andrew Young And give tepid support. Yang, who promoted a similar idea for a universal basic income (UBI) during the 2020 campaign, tweeted: “It’s clear that AI will eventually fund UBI. Let’s make it happen ASAP.”
Andrew Yang participated in the panel discussion “From Government to Business: The Urgent Need for AAPI Leadership” at the TAAF Heritage Month Summit at The Glasshouse in New York City on May 5, 2023. (JP Yim/Asian American FoundationGetty Images)
Click here to get Fox business anytime, anywhere
Universal High Income (UHI) is a major leap forward from Yang’s universal basic income. While UBI can meet a person’s basic needs while continuing to work, many advocates of UHI promote a complete departure from the need for work.
