Billionaire Ray Dalio: A.I. is widening the wealth gap, 'national emergency should be declared'

Billionaire serial entrepreneur Richard Branson told the New York Times in June that a universal basic income is an appropriate response to income inequality. "A basic income should be introduced in Europe and in America," Branson told David Gelles of the Times. "It's a disgrace to see people sleeping on the streets with this material wealth all around them." In particular, Branson said the acceleration of machine intelligence is driving the need of cash payments. "I think with artificial intelligence coming along, there needs to be a basic income," said Branson.