4 ms·
> Imagine a UBI that pays a smidgen every 10 seconds: how does one emulate living "paycheck to paycheck" that way? It's not that difficult. You just take out a
by nybble41 6y ago
> Imagine a UBI that pays a smidgen every 10 seconds: how does one emulate living "paycheck to paycheck" that way?
It's not that difficult. You just take out a big interest-only loan with payments exactly equal to your UBI. The process doesn't change significantly just because you're getting paid every 10 seconds rather than once per week: the money is already promised to someone else before you even receive it.