Simple Living

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Live better, with less

Ideas and inspiration for living more simply. A place to share tips on living with less stuff, work, speed, or stress in return for gaining more freedom, time, self-reliance, and joy.

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(US) Introducing Comingle: An opt-in UBI (Universal Basic Income) to provide a stable weekly income based upon users contributing 7% of their income (comingle.us)

submitted 1 year ago by [email protected] to c/[email protected]

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This also seems like it might interest this community. Originally posted from: https://lemm.ee/post/7276272

Comingle is an interesting idea that would act as a pseudo emergency fund to provide a stable week to week income for their users. It could act to stabilize your income if you have an irregular income or as an backup plan or insurance for when you lose a job or income source. It works by distributing the average of all their members contributions weekly to each user. Once the service starts, the end result will be a net gain for those with low income and a payment to provide a guaranteed monthly income for higher earners.

For those with low income, any amount of extra money can aid in the pursuit of opportunity and keep things from turning desperate.

For freelancers and gig-workers, reliable weekly income can ease the complications of sporadic cash-flow.

For those with more income, Comingle lets you help others, sends you a little extra cash on slow weeks, and provides a safety-net if things take a turn for the worse.

Disclaimer: I am not affiliated with them. I just got this in an email newsletter and was intrigued.

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[–] [email protected] 2 points 1 year ago

Interesting idea, and the website makes it look legit. But trust is going to be a major issue here. The other problem I see is interacting with government benefits/social security/welfare, especially since the income from this will fluctuate. But I hope they are successful!