I would not trust most of the entities promising basic income. Most of them can go bankrupt (eg. corporate titans like GM or cities like Detroit/Stockton or ins

I would not trust most of the entities promising basic income. Most of them can go bankrupt (eg. corporate titans like GM or cities like Detroit/Stockton or insurers like AIG). If one relies on basic income for 10-15 years and alter their lifestyle accordingly (little savings, big gap in work experience), what happens when the entity underwriting their basic income declares bankruptcy? Only a handful of entities (like US federal govt) can administer a trustworthy UBI program (and that too, only for a limited set of people).