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Hmm, it definitely wouldn't be a deposit per bank account, that would be deeply unfair and biased to the extent it would be politically infeasible. The intentio

Hmm, it definitely wouldn't be a deposit per bank account, that would be deeply unfair and biased to the extent it would be politically infeasible. The intention, realistic or otherwise, is for the cash sum to be awarded per citizen. Yes that may be via bank accounts for those that have them, but I imagine there would need to be other mechanisms in place for those that don't have an account. Also the payments are fixed amount, not erasing of whatever debt you may have. A key aspect is that for those with debt the bank must use the cash towards paying off the debt first, whereas those with no debt will just get cash appear in their current account (or a cheque in the post, or whatever). Not saying it's practical, easy, or without ways of gaming the system, but those are the baseline intentions.

dllthomas 9y ago
Ah, my reading of your summary doesn't seem to match the actual proposal much at all. I read "random payments into bank accounts" as "payments into random bank accounts", which I think is one reasonable interpretation but clearly not the only one. I also took "reducing private debt by..." as being a requirement on the individual payments rather than simply a goal of the program. With neither of those attributes, my analysis doesn't apply.