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.
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