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RE: Grantcoin Is The Worlds First Global Universal Basic Income
@camille1234 has told me a little bit about Univeral Basic Income. There is so much I do not understand. Do you receive it in addition to your social security and your lifetime savings? Is it a taxable income? I realize that we are probably headed this way but like I said it is confusing.
A basic income consists in purchasing power provided at regular intervals, such as a week, a month, a term or a year, depending on the proposal.
In Grantcoin's case, it is distributed monthly in the form of Grantcoins, a digital currency much like bitcoin or steem, and can be sold on an exchange and converted into either another digital currency or fiat (cash) in your country.
You just get it because you breathe???
That is the idea. It is important to get away from the old ways of thinking. Modern reality is that there is plenty of wealth to go around, but the wealthy who are getting 99% of it are failing to consider others in their consolidation of wealth.
We "breathers" buy their food, their cars, their houses, their junk, their X, their Y and Z and on and on and on. The coming of robots, AI and exponentially growing economies will mean exponential profits for the rich, but exponential poverty for the poor. That's the system. We need to break that circle of thinking and share the wealth more, plain and simple. Furthermore, there could be artistic and other cultural benefits, if most people did not have to grind out a job they really don't want in order to exist.
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So you get to keep all your existing income and get Universal Basic Income too? That's hard for senior citizens to wrap their head around. After all we worked our asses off for many years and we are loosing our hard earned money in the stock market. If you want to take it out of your IRA they tax you to death and you loose more. Damned if you do and damned if you don't. I realize the the elite want to keep us in a subservient position that is why I came to explore the possibilities here on Steemit. Followed upvoted and resteemed for sure. Blessings to you and yours!
There could be some trade offs. The Swiss UBI plan would have given each citizen about $2500/month and there would be no welfare programs, but citizens would have to buy there own health insurance or pay in cash. For young healthy people, this is a windfall. However, I'm a senior myself and I know that when it comes to medical bills and insurance, $2500 is peanuts if your health starts to fail.
If you are a millionaire, you could opt to not take the UBI, but I was brought up in a wealthy environment and I know that the wealthy pinch pennies too. I would guess that most millionaires would take the UBI, if only for the spare change.
UBI is coming. They are already experimenting with it in Europe. It is not what one would think at first. I'm keeping an open mind and learning about it; Lord know I need the money;))
Correct. Everyone is eligible regardless of where you live or your age, at least in Grantcoin's case.
I will go back and read everything and I have to admit it looks interesting for sure! Thanks for the info.