New-Tip4903

New-Tip4903 t1_j6gcwf8 wrote

It would be awesome if someone like Elon Musk would start a private company called UBI. The purpose of this company would be to function as a hedgefund for the people. The way you would do it is first determine how much you want someone to survive off of from birth to death. Then you invest enough in an interest bearing account to generate that much.

So if you want to make 100k per year you might have to invest 10million.

So that "employee" will generate 100k to live off per year wbile your initial investment stays with the company.

Once that persons 100 year trust fund is up the original prinicple returns to the company and is reissued to a new "employee" .

It wouldnt work for everyone in the short term but might be a way to wean ourselves off the capitalist machine that is destined to destroy us.

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