A decentralised Universal Basic Income platform based on personal currencies

Re:A decentralised Universal Basic Income platform based on ... by rayiner on Monday December 11, 2017 @02:25PM (#15899546)

The major thing you’re missing is that UBI will make land (and housing) supply much more elastic. SF and NYC landlords can get away with raising rents because that’s where the jobs are, and people are tied to their jobs. With UBI, lower income people can move to places with cheaper housing instead of paying higher rents. Indeed, UBI could cause rents in high-cost cities to totally collapse.

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Re:A decentralised Universal Basic Income platform based on ... by kamaal on Tuesday December 12, 2017 @12:34AM (#15903227)

The point of UBI is to give you money for unfortunate life circumstances like a loss of job, or other unfortunate life events where you would need some money to get by.

UBI is not a replacement for a job. And unless you wish to survive on extremely minimal living standards, UBI alone won't be of much help to you.

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Re:A decentralised Universal Basic Income platform based on ... by Suncho on Tuesday December 12, 2017 @02:25PM (#15908627)

I think there's plenty of disagreement over what the "point" of basic income is. Compensating people for unfortunate life circumstances is not at the top of my list.

Maximizing social prosperity and stabilizing the economy would probably #1 and #2 for me.

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Re:A decentralised Universal Basic Income platform based on ... by heckerhut on Tuesday December 12, 2017 @03:20AM (#15903871)

That’s social welfare. We already have that in most civilized places. It’s a punishment for failing to have a job whilest keeping you barely alive.

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