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A comment on FDIC Establishes Signature Bridge Bank, N.A., As Successor to Signature Bank. Parent comment

Re:FDIC Establishes Signature Bridge Bank, N.A., As Successo... by EGreg on Sunday March 12, 2023 @09:45PM (#35129622)
In my opinion, rates near zero and no bank bailouts allow the market to price the actual rates depending on how well a bank is doing.

In fact I'd prefer everything to be on-chain rather than credit rating agencies being months behind. Especially if the Fed is raising rates so quickly!

In fact, I'd prefer UBI to be phased in as an alternative to the banking system, together with corresponding taxes on negative externalities. Like this:

https://en.wikipedia.org/wiki/Carbon_fee_and_dividend

When Andrew Yang ran, I met with his campaign and made https://yang2020.app for them. I really asked them to be a TWO-issue campaign, tying the UBI to carbon taxes, but he never did that. So he didn't have a good answer to "how are we going to pay for it". And to this day, the Forward Party needs to make a good case for it.

I don't believe these kinds of things can be done at the national level, which is why I started Intercoin: https://community.intercoin.app/t/new-ubi-movement-mayors-ci...

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Re:FDIC Establishes Signature Bridge Bank, N.A., As Successo... by somewhereoutth on Sunday March 12, 2023 @09:59PM (#35129772)
I am also a supporter of UBI, however I think much of it should be benefits in kind (universal healthcare, free libraries, decent schools, etc, etc), and perhaps the rest can be structured as a Universal Basic Stake - kindof like a pension scheme that you are already paid into just by being born. Financed by swinging wealth taxes to form a sovereign wealth fund, that is then deployed in the usual capitalistic manner.
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