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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* (last edited 1 year ago) by centof@lemm.ee to c/personalfinance@lemmy.ml

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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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[–] trailing9@lemmy.ml 4 points 1 year ago (1 children)

There is not a big incentive for people to join if they earn above average.

What I would like to see is an internal job market. Let everybody help everybody else to increase their income.

With job suggestions, it pays off to pay 7% when you for example improve your income by 30%.

[–] JackLSauce@lemmy.world 2 points 1 year ago (1 children)

The ultra wealthy have an enormous incentive to combat runaway gini coefficients (see capital South African capital flight) as at a certain point one less Scrooge McDuck money pile is well worth the price of 20 fewer homeless people on your commute and various tech b/millionaires have gone so far as finding various UBI programs via a Y Combinator pilot program

https://www.inc.com/kaitlyn-wang/mark-zuckerberg-elon-musk-universal-basic-income.html

[–] trailing9@lemmy.ml 0 points 1 year ago

Investing some money in UBI experiments just makes them look good. What's their enormous incentive to fully introduce it? It's cheaper to commute by helicopter or relocate the headquarter. Homelessness is a problem for the middle class.

I beleave that the middle class has to finance UBI on their own. This company already provides the basic infrastructure. If that's not a good deal then the deal has to be improved.