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I'm currently in an EU country receiving a 2 year stipend of 750 euros a month as I attempt to build a business. The magic of having that money come in each mo
by factsaresacred 8y ago
I'm currently in an EU country receiving a 2 year stipend of 750 euros a month as I attempt to build a business.
The magic of having that money come in each month is that it removes the cognitive load of uh oh, how do I survive? allowing me to fully devote myself to work.
Rather than slack off, I work 16 hour days, 7 days a week.
It's not enough to have a social life, or do much of anything, and that's fine. After all why would you be out playing if you've a business to run?
Perhaps it doesn't work on a wide scale, but for the sincere and serious, basic income is a gift. And one that I believe every recipient is obliged to repay in the form of job creation, tax revenue or some kind of contribution to society.
In the same way that washing machines 'liberated' women in developing countries[1], UBI could be a similar revolution - freeing up time and energy spent in drudgery and reassigning it to (potentially) more worthwhile and value-creating pursuits.
https://www.forbes.com/sites/artcarden/2013/04/24/hans-rosling-and-the-magic-washing-machine-a-lesson/ https://www.forbes.com/sites/artcarden/2013/04/24/hans-rosli...
- ykevinator 8y agoThis is a great use case for ubi. I also think the US should open Medicare for small business. I think the biggest problem with ubi is the branding. It should be billed as alternative social security or something. Using ubi for starting a business is great. ( and good luck to you!)
- factsaresacred 8y agoThanks!
- Proven 8y ago> The magic of having that money come in each month is that it removes the cognitive load of uh oh, how do I survive? allowing me to fully devote myself to work. The only reasonably conclusion is why ever get to the point where your startup makes a product or service - you could spend a lifetime "working" on the launch and retire, if only the money kept coming in. This "basic income for all, out of nothing" is completely insane and I am not at all surprised that so many of this site's readers see no issue with it. Begin by reading "The Fatal Conceit: The Errors of Socialism", kids.
- banthar 8y agoWhat kind of business is that? How are you funding it? 18000 euros is rather insignificant on business scale.
- factsaresacred 8y agoOnline software. There are additional grants available but it's true to say that if it wasn't a software biz (where the marginal cost is close to zero) it would more of a struggle. But then there's always loans and other forms of capital.