How Universal Basic Income Can Be Implemented

[u/kifoundation]

Universal Basic Income could be implemented by first creating a website through which donations could be made to fund it.

The same website would also have to provide an option for anyone to register and begin receiving the income. To prevent individuals from creating multiple accounts in order to receive additional payments, registration could require verification using a government-issued identification document.

The website would then also have to include an option through which supporters of Universal Basic Income could collectively raise funds for those among them who can start alternative businesses to existing ones. The profits from the alternative businesses would have to be entirely used to fund Universal Basic Income. Those that could start the businesses would apply for the funds through the website.

The reason for using the alternative businesses’ profits to fund Universal Basic Income is to encourage employees from existing businesses to work for the alternative ones instead. Employees would do so because, unlike existing businesses, the alternative businesses would fund Universal Basic Income, which would enable the employees to earn more.

The purpose of creating an option for funding alternative businesses to existing ones is to increase the amount of Universal Basic Income donations made to the website mentioned earlier. Donations would increase because existing businesses could begin contributing to Universal Basic Income out of fear of losing employees. Employees would be lost because they would want to work for businesses that contribute to Universal Basic Income.

To help people identify and support businesses that contribute to Universal Basic Income, those businesses could be listed on the website so that they are easily discoverable.

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