Mayoral candidate Ingrid Lafleur proposes a universal basic income for Detroit – The Michigan Chronicle

Ingrid LaFleur –PHOTO CREDIT: Justin Millhouse

H/T Scott Santens via Twitter.

I really like the idea of a citywide Universal Basic Income. Half regular money $1000 and half cryptocurrency $1000.

A cryptocurrency (or crypto currency) is a medium of exchange using cryptography to secure the transactions and to control the creation of new units. Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies. Bitcoin became the first decentralized cryptocurrency in 2009. Since then, numerous cryptocurrencies have been created.

WikiPedia

The current Federal Poverty Level is $1,005 monthly per person and $348.33 additional person. This means that the FPL will be covered, and the D-Coin concept takes care of city services and businesses as it is basically the modern version of scrip. This past weekend, I spent quality time with family members who live in and around Detroit at a family function; The direct topic did not arise, but attempting to catch up with Mom’s side of the family, Detroit’s renaissance was a topic. Doubts about the veracity of it were communicated, but we shall see where it lands.

via Ingrid Lafleur proposes a universal basic income for Detroit | The Michigan Chronicle

Cryptocurrency. (2017, August 5). In Wikipedia. Retrieved from https://en.wikipedia.org/w/index.php?title=Cryptocurrency&oldid=794079840

 

Federal Poverty Level (FPL) – HealthCare.gov Glossary | HealthCare.gov. (2017, August 7). [US Government]. Retrieved from https://www.healthcare.gov/glossary/federal-poverty-level-FPL/
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