One of Nation's Wealthiest Men Criticizes Wealth Inequality, Plugs Universal Basic Income

Zuckerberg, who dropped out of Harvard to start Facebook, also characterized the current generation as "entrepreneurial".

Zuckerberg's speech, which at times sounded more like a stump speech than a commencement address, touched on a variety of topics ranging from social issues, to criminal justice reform and immigration. Reflecting on the unsettling effects of loss of goal from technological change, Zuckerberg said. "Even global changes start small - with people like us", adding that "every generation expands the circle of people we consider 'one of us.' And in our generation, that now includes the whole world".

Since it's launch in 2004, Facebook has inspired many other social media competitors, including Twitter, Snapchat, and Instagram. An adviser told him if he didn't sell, he would regret it, and people on the management team left.

If you're wondering what he actually had to say and not still laughing at the fake headlines above, he banged on about how robots and automation are probably going to have a big impact on jobs. But as a young CEO, he never explained this to his co-workers, and the subsequent fight "tore our company apart".

"We should explore ideas like universal basic income", said Zuckerberg, referencing an idea that would pay everyone a base salary, regardless of the work they did. "Now, years later, I understand that is how things work with no sense of higher objective".

"The challenge for our generation is to create a world where everyone has a objective ..." Oh, and it seems he can't call himself a college dropout anymore. "But if a high school senior who doesn't know what the future holds can do his part to move the world forward, then we owe it to the world to do our part too".

Zuckerberg isn't all talk on this front.

In his Harvard commencement speech on Thursday, Facebook CEO Mark Zuckerberg advocated exploring a system in which all people receive a standard salary just for being alive, no questions asked. But it's not just about giving money.

Zuckerberg is now on a nation-wide tour with wife Priscilla Chan, visiting small towns, universities, Facebook offices and meeting teachers, scientists and citizens, leading to speculations that the tech titan may run for public office.

Bill Gates, the founder of Microsoft, also dropped out of Harvard to find his technology company and received an honorary degree in 2007. "We met in line for the bathroom in the Pfoho Belltower, and in what must be one of the all-time romantic lines, I said- 'I'm gonna get kicked out in three days, so we need to go on a date quickly,'" he shared with graduates.

  • Leroy Wright