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A comment on Moving Forward on Basic Income. Parent comment

Re:Moving Forward on Basic Income by ncallaway on Tuesday May 31, 2016 @05:01PM (#11810205)
I would make it illegal and unenforceable for BI to be used as collateral for any financial transactions. Much in the same way that your IRA cannot be used to secure a loan [1], I would prohibit BI funds from being used to secure loans in any way.

[1] IRS Publication 590, "Prohibited Transactions", https://www.irs.gov/pub/irs-pdf/p590a.pdf

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