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.
soo… not UBI
Seems to be unemployment insurance with extra steps and not backed by the government. Or a ponzi scheme.
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.
Not sure why people are downvoting me. I guess I offended someone. Not sure how. ** shrugs **
I downvoted you because it’s disingenuous to present “as guaranteed as a company can be” with “guaranteed”
There’s no outside mechanism to protect the customers from this company. That’s not guaranteed.
Of course there is an outside mechanism, it is
Nothing is fully guaranteed. Society as we know it could easily collapse in our lifetime. Ultimately it will likely be a less conditional income than a job where you can be fired at any time for literally no reason. I see a guarantee as a promise essentially. It is only as trustworthy as the party guarantying it.
So you individually sue them after they fail to make good on their claims.
You should be able to see why this puts their customers in a compromising position
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.
Technically it’s not. If they go bankrupt somehow or defraud their customer base, there’s very little recourse from the users.