Richard Branson just endorsed basic income — here are 10 other tech moguls who support the radical idea

Bill Gross

Janus

In his May 2016 investment outlook, Gross, co-founder of investment advisory firm Pacific Investment Management, suggested the US should spend money on “a revolutionary new idea called UBI — universal basic income.”

UBI emerged in the 1960s, so technically it isn’t new, but Gross understands that it’s still radical to most people. “If more and more workers are going to be displaced by robots, then they will need money to live on, will they not? And if that strikes you as a form of socialism, I would suggest we get used to it,” he said.