A Dutch city is giving money away to test the basic income theory

Re:A Dutch city is giving money away to test the basic incom... by clavalle on Thursday July 02, 2015 @11:05AM (#9819352)

I've thought about this, too but I can't figure out how you'd prevent those tokens from being bartered for more traditional currency outside of the necessary conversion by landlords and grocers and other providers.

With ubiquitous computing now available to everyone we might be able to fully track that sub set of transactions with 'currency with state and history' as opposed to traditional 'dumb dollars' but I think it would be a hard problem getting it to play nice with the traditional currency economy.

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Re:A Dutch city is giving money away to test the basic incom... by Lawtonfogle on Thursday July 02, 2015 @04:31PM (#9821412)

It won't. The more industrious will barter at a gain while others will barter at a loss. Consider food stamps. Some will trade them $2 of stamps for $1 of cash. But others will buy food, cook and then sell the food, bringing in $2 dollars of cash for $1 of stamps.

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Re:A Dutch city is giving money away to test the basic incom... by uhwhat on Thursday July 02, 2015 @06:06PM (#9822038)

Food stamps are a decent example. It's not perfect yes, but it basically becomes undesirable to trade the cash of the WANT economy for the goods of the NEEDs economy.

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