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A comment on Basic income doesn't emphasize divisions between poor and working people. Parent comment

Re:Basic income doesn't emphasize divisions between poor and... by icebraining on Monday August 29, 2016 @12:19PM (#12382925)
Beyond what's been pointed out, entrepreneurs have an additional safety net: limited liability.

You can be sure that by creating a legal veneer, your home and other property will be safe, while the rest of society pays for the losses accrued by your experiment. That's potentially a much larger welfare transfer than any BI.

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Re:Basic income doesn't emphasize divisions between poor and... by err4nt on Monday August 29, 2016 @01:34PM (#12383566)
LLC in the US does. I suppose for a few hundreds or thousands you could incorporate in Canada too - though I believe Sole Proprietorship is the most popular type of business by FAR, and with sole proprietorship the proprietor is 100% liable for damages the business incurs. So it's actually more like a “personal liability” net for most…
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