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Another tech titan joins Elon Musk and Mark Zuckerberg in supporting free cash ...


One by one, some of the biggest names in tech are publicly supporting the idea of giving cash handouts to all Americans.

The latest is self-made multimillionaire Stewart Butterfield, the CEO and co-founder of the workplace chat program Slack, which is reportedly in the process of raising $500 million at a $5 billion valuation. Butterfield also co-founded Flickr, which sold to Yahoo, reportedly for $35 million.

He joins Tesla and SpaceX CEO Elon Musk, Facebook CEO Mark Zuckerberg and Y-Combinator president Sam Altman, who all say society will both need and benefit from universal basic income (UBI), a guaranteed cash payment given to every resident irrespective of employment status.

It "doesn't have to be much, but giving people even a very small safety net would unlock a huge amount of entrepreneurialism," says Butterfield in a recent Twitter exchange about UBI.