4 ms·

Really not following this line of reasoning.

• icebraining 11y ago
  Essentially the base line for credit would be raised to the level of basic income. Right now, if you have zero assets and no income, you can file for bankruptcy and discharge your obligations. Hence, nobody in their right mind lends money to such people. In this new situation, the basic income would be the "new zero" - you could file for bankruptcy if all you had was a basic income, and hence few people would loan you money if you were in that situation.