3 ms·

So.. loans, but with way shittier terms for the borrower?

• luckylion 6y ago
  Loans that automatically disappear after X years with interest payments that only apply if you make more than $Y (Y = UBI paid out). It wouldn't be the person asking for a loan that speculates on them earning enough to pay it back. It would be the entity giving the loan speculating on the person earning so much more in the next few years that the income-percentage makes them lots of money. Of course, for it to test UBI, the giving entity must not be allowed to decide whether they accept someone or not, that would lead to them picking and choosing, like insurance companies with pre-existing conditions. However, if the claims about UBI are true, they won't need to, as even the odd slacker will be more than offset by the exploding productivity of the overwhelming majority. I'm sure Dorsey could fund it, the question is whether he actually believes in the claims of giant benefits and virtually no slackers.