It’s a nonprofot org which basically just does monthly UBI to your bank account when you sign up… They did the math and it turns out you only need a few thousand people of diverse economic backgrounds for it to be viable.
From what I understand it’s like a phone banking app, but more secure, and it takes something like 10% of your earnings each month, then returns a lump sum to everyone of around $500 almost immediately. So people earning $40k/yr will net a couple hundred dollars per month. If you make nothing that month you will get closer to $1000 People who make $100k/yr will lose a couple hundred dollars. And the multimillionaires will lose a couple Gs a month (which sounds like a lot but it’s negligible to them).
How?
It’s a nonprofot org which basically just does monthly UBI to your bank account when you sign up… They did the math and it turns out you only need a few thousand people of diverse economic backgrounds for it to be viable.
From what I understand it’s like a phone banking app, but more secure, and it takes something like 10% of your earnings each month, then returns a lump sum to everyone of around $500 almost immediately. So people earning $40k/yr will net a couple hundred dollars per month. If you make nothing that month you will get closer to $1000 People who make $100k/yr will lose a couple hundred dollars. And the multimillionaires will lose a couple Gs a month (which sounds like a lot but it’s negligible to them).
https://youtu.be/mo9FsrSXZww