Naval Ravikant—Publicly opposed universal basic income, arguing it would lead to 'complete economic collapse into socialism'
Naval Ravikant has publicly opposed universal basic income and direct democracy wealth redistribution, stating: 'A basic income plus a direct democracy would essentially lead to a complete economic collapse into socialism, because the moment that the bottom 51 percent figures out they can vote themselves all the money from the top 49 percent, that's what happens.' His philosophy emphasizes individual skill-building and technology leverage over systemic wealth redistribution mechanisms.
Scoring Impact
| Topic | Direction | Relevance | Contribution |
|---|---|---|---|
| Public Services & Social Safety Net | -against | primary | -1.00 |
| Overall incident score = | -0.286 | ||
Score = avg(topic contributions) × significance (low ×0.5) × confidence (0.57)
Evidence (1 signal)
Naval Ravikant argued basic income would lead to 'complete economic collapse into socialism'
In a Periscope Q&A on February 11, 2018, Ravikant stated that combining basic income with direct democracy would collapse into socialism because 'the bottom 51 percent figures out they can vote themselves all the money from the top 49 percent.'