Hacker News new | ask | show | jobs
by scotty79 3830 days ago
> How do you get the money to each person?

Unconditional basic income?

Money would find its way from the consumers to companies that need investment. Instead of banks estimating how viable your business is before giving you a loan you'd get your money straight from your customers. The market would decide which endeavors should get funding.

My only concern is that printing money would not provide enough money to run country budget (let alone basic income) without creating hyperinflation.

1 comments

I meant on the logistics side of things. Lots of people don't have bank accounts. Lots of people don't have any solid ID. Plus you'll get people who are really in limbo in whatever system you build to get money to the people... some tricky stuff (especially if it's real large amounts of money).

Maybe Medicaid has solved all these kinds of issues already, and it's just about scaling