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Billionaire Richard Branson weighs in on free cash handouts--

• cnbc.com

Billionaire entrepreneur Richard Branson is the latest in a string of iconic businessmen to talk about cash handouts, or universal basic income, as a solution to jobs being replaced by technology.

"With the acceleration of [artificial intelligence] and other new technology ... the world is changing fast," Branson writes in a post published this week.

"A lot of exciting new innovations are going to be created, which will generate a lot of opportunities and a lot of wealth, but there is a real danger it could also reduce the amount of jobs," he says.

"This will make experimenting with ideas like basic income even more important in the years to come."

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