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In what way is a trust fund not like basic income? Aren’t both just money that gets deposited in your bank account every month or year? They seem identical as f
by Alex3917 8y ago
In what way is a trust fund not like basic income? Aren’t both just money that gets deposited in your bank account every month or year? They seem identical as far as I can tell.
- sanderjd 8y agoIn the same way that being a successful lawyer is not at all like working the cash register at McDonalds: the amount of income. Trust funds provide rich people with a lot of income, basic income would provide basic sustenance level income.
- Alex3917 8y agoYC’s UBI program is giving 1k per month, which is pretty close to the maximum tax free amount under gift tax laws. So at the least there is going to be a ton of comparables around that level.