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Elon Musk Says Universal High Income Could Replace Government AI Ownership

Summary by Bitcoin.com
Elon Musk says the U.S. Treasury should send money directly to citizens rather than have the government buy stakes in artificial intelligence (AI) companies. Musk Tells Treasury to Send Cash Directly as AI Reshapes U.S. Economy Musk made the case on X on June 20, 2026, responding to Vice President JD Vance’s comments on the […]
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The first billionaire in history, Elon Musk, urged the U.S. authorities to deliver money directly to citizens from the public coffers. The businessman reacted thus to statements by the U.S. Vice President, J.D. Vance, about the White House’s plans to control the country’s leading AI companies.

Entrepreneur Elon Musk suggested that the U.S. government deliver money directly to people as a mechanism to prevent inflation. “It’s best to send money directly to people from the Treasury. Whenever the increase in goods and services exceeds the increase in the monetary mass — which will happen with AI and robots — there will be no inflation,” he wrote in his X account. (Read more...) Elon Musk’s proposal to avoid inflation was first published …

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Cryptocurrency News | Cryptocurrency Prices | Market Cap broke the news on Sunday, June 21, 2026.
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