I don’t always take advice from foreign billionaires, but when I do, they should absolutely be advising American taxpayers on the need to give away their money while living in a floating tax shelter.
One solution to income inequality is giving out free cash, according to the British billionaire entrepreneur Richard Branson.
“A basic income should be introduced in Europe and in America,” Branson told David Gelles of The New York Times.
“It’s a disgrace to see people sleeping on the streets with this material wealth all around them,” Branson said.
A universal basic income, as it’s known, is a cash payment distributed to residents irrespective of their employment status.
Meanwhile here are some headlines about Branson.
How Virgin boss Richard Branson relies on taxpayers for his empire – London Times
I’ve been a tax exile for seven years, says Branson – Telegraph
Richard Branson tax fraud: How a youthful indiscretion helped create a Billionaire – Slate
Sir Richard Branson denies that he ‘left Britain for tax reasons – FT
Richard Branson warns Edinburgh that introducing tourist tax will drive tourists away – The Independent
Can someone please provide Sir Branson with a universal basic income while confiscating all his wealth. As Bono once said, “From each according to his ability, to each according to his needs. “From each according to his ability, to each according to his needs.” Or was that Karl Marx?