[charliemagee]

Amazing how quick this jumped into extraneous "what-if" comments and liberal vs. libertarian and so on. It appears that the premise that YC is moving forward on is very simple: "give them the money and see what happens."

I would imagine it would be monthly because that is how our culture works on necessities like shelter and water. If they run out of the money on day one, or do a deal with a payday lender, it doesn't become "tough shit." It will be answered with a big silence. There won't be somebody to call and complain to.

Once a month money will appear in your account. End of story. The funders aren't also attempting to solve health care and pay day lending. They aren't creating a bureaucracy of people waiting by the phone to listen to sob stories.

What happens after the money hits your account is the focus of the research. Thrive or fuck up, your choice . . . and not the problem of the suppliers of basic income.

Many here are jumping immediately to the worst case scenario stories. Those will comprise a tiny minority. They're playing the hunch that basic income will be a net plus and they want to find out how and how much so they can tweak it and propose it to best impact the future.

This seems like a great use of some of the wealth that has been steadily trickling up.