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"Basic income" does not necessarily mean, "Enough money to live a relatively comfortable if frugal life with." It just means, "An income given to you with few
by aetherson 8y ago
"Basic income" does not necessarily mean, "Enough money to live a relatively comfortable if frugal life with." It just means, "An income given to you with few eligibility requirements."
- Hello71 8y agoNo, you're thinking of "universal income". That's what the commonly accepted definitions of "basic" and "universal" are. basic: Necessary, essential for life or some process; Elementary, simple, fundamental, merely functional. universal: Common to all members of a group or class; Common to all society; world-wide.
- simonsarris 8y agoThe article is about YC's experiment, and the article even quotes Sam Altman directly when explaining what the test is for: > "Giving people enough money to live on with no strings attached" So I think in this context we should be talking about that, and not some other definition.