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).
Great question. So this money goes directly to people, instead of through a charity. We are cutting out the middle man, and it affects EVERYONE with cash, not just a select few who know how to benefit from the charity and qualify for their supplies or whatever the charity provides. It’s awesome for us, but not as awesome for the billionaires and multimillionaires. The only real benefit for them is, they get to keep their heads!
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
Why would any of them do this instead of charity donation that they can deduct from their taxable income?
Great question. So this money goes directly to people, instead of through a charity. We are cutting out the middle man, and it affects EVERYONE with cash, not just a select few who know how to benefit from the charity and qualify for their supplies or whatever the charity provides. It’s awesome for us, but not as awesome for the billionaires and multimillionaires. The only real benefit for them is, they get to keep their heads!