12-year study will look at effects of universal basic income

Re:12-year study will look at effects of universal basic income by notahacker on Monday May 07, 2018 @11:43AM (#17013625)

I'm not responsible for the downvote, but it's worth pointing out that whilst Kiva donors do not receive interest, most Kiva loan recipients pay relatively enormous interest rates (administering loans is expensive, even for the microfinance institutes which aren't trying to make a profit). There are undoubtedly beneficiaries who make good use of the credit, but also some losers and question marks about how sustainable it actually is...

FWIW there's also YC's Zidisha in the microlending market which cuts out the middleman (but still charges interest)

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Re:12-year study will look at effects of universal basic income by v_lisivka on Monday May 07, 2018 @02:31PM (#17015156)

AFAIK, most of these money staying in the country, creating additional flow, so I see no problem with that. It's much easier to return money, when you have business.

For example, I heard about 3d printer group with rule: we give you 3d printer printed parts for free, but, when you will assemble your own printer, you must print 2 kits and donate them to others. From consumer perspective, it's 100% of interest, but from 3d printer hobbyst perspective, it's not a problem at all, because they will have printer, which will print them parts. Business is like a printer for money.

Positive outcome is not guaranteed, of course, but fear of loss, as shown by some losers, drives majority to success.

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