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A comment on Universal Basic Income is Capitalism 2.0. Parent comment

Re:Universal Basic Income is Capitalism 2.0 by achenatx on Thursday July 30, 2020 @09:49AM (#23998060)
nah what would happen is payday lending style companies would give a one time cash payout in return for permanent collection of the UBI income stream.

the real problem is that 50% of the population has a below average IQ. No matter what you do 15% will end up in financial trouble

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Re:Universal Basic Income is Capitalism 2.0 by sergiosgc on Thursday July 30, 2020 @09:53AM (#23998110)
Easy. Legislate away the possibility of UBI being used to pay debts: In case of personal bankruptcy, UBI is unforfeitable towards debt payment. Lenders will quickly shy away from lending against a noncollectable "asset".
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