I'm currently in an EU country receiving a 2 year stipend of 750 euros a month as I attempt to build a business.
The magic of having that money come in each month is that it removes the cognitive load of uh oh, how do I survive? allowing me to fully devote myself to work.
Rather than slack off, I work 16 hour days, 7 days a week.
It's not enough to have a social life, or do much of anything, and that's fine. After all why would you be out playing if you've a business to run?
Perhaps it doesn't work on a wide scale, but for the sincere and serious, basic income is a gift. And one that I believe every recipient is obliged to repay in the form of job creation, tax revenue or some kind of contribution to society.
In the same way that washing machines 'liberated' women in developing countries[1], UBI could be a similar revolution - freeing up time and energy spent in drudgery and reassigning it to (potentially) more worthwhile and value-creating pursuits.
This is a great use case for ubi. I also think the US should open Medicare for small business. I think the biggest problem with ubi is the branding. It should be billed as alternative social security or something. Using ubi for starting a business is great. ( and good luck to you!)
Online software. There are additional grants available but it's true to say that if it wasn't a software biz (where the marginal cost is close to zero) it would more of a struggle.
But then there's always loans and other forms of capital.
The magic of having that money come in each month is that it removes the cognitive load of uh oh, how do I survive? allowing me to fully devote myself to work.
Rather than slack off, I work 16 hour days, 7 days a week.
It's not enough to have a social life, or do much of anything, and that's fine. After all why would you be out playing if you've a business to run?
Perhaps it doesn't work on a wide scale, but for the sincere and serious, basic income is a gift. And one that I believe every recipient is obliged to repay in the form of job creation, tax revenue or some kind of contribution to society.
In the same way that washing machines 'liberated' women in developing countries[1], UBI could be a similar revolution - freeing up time and energy spent in drudgery and reassigning it to (potentially) more worthwhile and value-creating pursuits.
https://www.forbes.com/sites/artcarden/2013/04/24/hans-rosli...