centof

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centof OP , to Personal Finance in (US) Introducing Comingle: An opt-in UBI (Universal Basic Income) to provide a stable weekly income based upon users contributing 7% of their income

He is an advisor to it according to their website.

centof OP , to Personal Finance in (US) Introducing Comingle: An opt-in UBI (Universal Basic Income) to provide a stable weekly income based upon users contributing 7% of their income

It is as guaranteed as a company can provide. IF they operate honestly, I see no reason they would go bankrupt. I would assume the users would have recourse via small claims court or possibly other courts if they fail to provide what they agree to provide.

centof OP , to Personal Finance in (US) Introducing Comingle: An opt-in UBI (Universal Basic Income) to provide a stable weekly income based upon users contributing 7% of their income

It is very simple what they claim to do with your money: Average out the contributions and pay it back to its members. I would agree that when implemented you would need some transparency to show that the company isn’t taking more the agreed upon amount. As far as their ownership they claim to be organizing to prevent exploitative capital.

From the about page.

A New Kind of Company for a New Kind of Economy As we solidify our corporate structure, we’ll be adopting a steward-ownership model in which profits serve the mission of the company and protect it from extractive-capital. With legal safeguards built into the company’s DNA, investors are fairly compensated with capped returns while decisions remain in the hands of a core, purpose-driven team along with all Comingle members.

centof OP , (edited ) to Personal Finance in (US) Introducing Comingle: An opt-in UBI (Universal Basic Income) to provide a stable weekly income based upon users contributing 7% of their income

Nice try tech bro. “Oh, we got hacked, whoopsie.”

That isn’t the meaning your post conveys. When you reply to my post name calling, someone unnamed, it is only natural to assume you are referring to me.

I already said I am not involved with it.

centof OP , to Personal Finance in (US) Introducing Comingle: An opt-in UBI (Universal Basic Income) to provide a stable weekly income based upon users contributing 7% of their income

Well excuse me for thinking the world can be anything outside the mainstream. No need for personal attacks.

centof OP , (edited ) to Personal Finance in (US) Introducing Comingle: An opt-in UBI (Universal Basic Income) to provide a stable weekly income based upon users contributing 7% of their income

Not really either, its a crowdfunded income equalizer. It is not based upon infinite growth so its not a ponzi scheme.

Edit:On second thought, it can act as unemployment insurance not backed by the government, but I would contend that is a good thing since the government programs often have an excessive amount of strings attached.

centof OP , to Personal Finance in (US) Introducing Comingle: An opt-in UBI (Universal Basic Income) to provide a stable weekly income based upon users contributing 7% of their income

There’s an FAQ on the website you can checkout.

centof OP , to Personal Finance in (US) Introducing Comingle: An opt-in UBI (Universal Basic Income) to provide a stable weekly income based upon users contributing 7% of their income

Your correct, technically it is a guaranteed basic income. The newsletter I heard about it from was one that promotes UBI so I got mixed up.

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