Basic Income – Trust Fund

There’s another type of people with "basic income" who are very successful in startups – people from rich families and trust funds.

They can afford to gamble with startups because (1) they can fall back on their trust fund if the startup fails and (2) they can use their family connections to get a nice job if the startup fails. It’s probably improper to call these people "basic income". One of the stipulated problems of BI (and pensions fall under this) is that the amount of money available to a single person are too little to be of practical use […]

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