Universal Basic Income should be paid as an expanded form of the food stamp programme.
Given that all the wealth in the world is going to accumulate in the hands of the 1%, what is needed is a new currency for the proletariat, allowing them to fulfil their basic needs whilst never advancing their situation.
I propose a new dollar (the sub-dollar) that is offered as a wage by companies to workers and that can be only used to buy perishable, rented or licensed goods.
Thus, you will work for Trump Corporation or one of its subsidiaries, and receive your monthly allocation of sub-dollars that you spend on your rented home and on food, hire of transport, entertainment, clothing, etc.
Incentives to work would still operate: it should be possible to live a precarious if comfortable life on a job that pays a sufficient number of sub-dollars, or to live just above starvation on the UBI component.
The transfers of sub-dollars caused by people leading their lives would allow the corporations who handle the actual wealth to transfer actual dollars between their accounts at the end of each month.
Importantly, the sub-dollar would not be legal tender able to be used to:
a) purchase land
b) instruct lawyers
c) purchase education
d) invest in stock markets
