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These things could also be achieved with government spending into things like: better unemployment guarantees, grants for entrepreneurs, or low-interest no-nons

• tom_mellior 8y ago
  > better unemployment guarantees I don't know what you mean here. > grants for entrepreneurs You have to apply for grants, with a business idea that someone else has to consider sound. Not that good for trying out "crazy ideas" as the article mentioned. > low-interest no-nonsense business loans A loan is still a loan and doesn't abolish the "constant pressure of losing their shirt" the article mentioned. Free money without strings attached gives you more freedom than non-free money with strings attached, I'm not sure why we're even arguing about that. > If the income just covers expenses, where do you get the money on top of your BI to be an entrepreneur? Well, you won't be able to build a semiconductor factory in your bedroom on the UBI, but neither will you get a grant or no-nonsense business loan for that. The UBI can help entrepreneurs in industries with low capital requirements, like software development. A few people with laptops getting together and developing the next Angry Birds or Facebook or whatnot. As for how you get more money to have more starting capital, there can still be grants and loans and stuff, why wouldn't there be? Banks will continue to exist and will need to loan their money out. But also, you could get a job and earn money, like today, and save up. Or get a part-time job or whatever.