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Iirc there was a pilot done in South Korea where they gave citizens of a town a kind of UBI but it was only spendable on local stores. So you couldn't use it to
by jerojero 4y ago
Iirc there was a pilot done in South Korea where they gave citizens of a town a kind of UBI but it was only spendable on local stores. So you couldn't use it to buy online on amazon for example.
I haven't followed up but you're right in pointing out this problem of money syphoning.
- ryandrake 4y agoWhat about where the local shopkeeper spends it? Unless that money permanently carries around with it a "local only" bit, as soon as it is spent once, it's likely eventually getting sucked out to Amazon, Walmart or one of the world's other "wealth gravitational singularities".