Universal basic income is 'straight out of the Karl Marx playbook,' financial guru Dave Ramsey says
Dave Ramsey.
Getty Images.
- Universal basic income is in vogue with many trials underway and people like Elon Musk touting it.
- Personal finance guru Dave Ramsey criticized UBI as "straight out of the Karl Marx playbook."
- He said unconditional cash grants deterred people from working and reaping the benefits of success.
Universal basic income is having a moment with trials launching across the globe, promising early test results, and the likes of Elon Musk singing its praises.
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