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>>For a UBI to work people have to be able to actually spend the currency they receive. >I don't see why this is true. Because otherwise they can't pay rent,
by dmoy 9y ago
>>For a UBI to work people have to be able to actually spend the currency they receive.
>I don't see why this is true.
Because otherwise they can't pay rent, get evicted, and/or starve to death?
Unless I'm missing something here, isn't a key part of any UBI system must be using that income to spend it on things you need to survive, no?
It'd be an odd chicken-before-egg problem, where you would need everything required to survive to be purchaseable with whatever new cryptothingy you do UBI with, before you can actually distribute UBI with it. But who is going to support the thing which doesn't exist yet?