If AI takes over jobs eliminating taxpayer money, what will fund the government? How will Sam Altman fix that?

Sam Altman has been a proponent of Universal Basic Income for years, fueled by his belief that AI will eventually eliminate traditional jobs, and he put his money behind it, partially funding the largest US basic income pilot program ever. The findings are now trickling in. How it worked: The program enrolled 3,000 people across Texas and Illinois with an income below $28,000. From November 2020 to October 2023, a third of the participants received $1,000 a month for three years (the rest received $50 a month for three years). For those who got $1,000, the study found: They spent $310 more per month on average, mostly on rent, transportation, and food. On average, people worked 1.3 hours less per week. Recipients went to hospitals, doctors, and dentists more often. But…researchers said there was no direct evidence of improved physical and mental health. While stress and food insecurity reduced for the first year, it leveled out in the second and third years, and participants’ long-term financial position stayed the same.