[JoSixChip]

12+ million bucks,

That's for a single year, the experiment is for up to 5 years. $60M, hey its private money I say have at it. My bet is that within a year most of the participants will trade it for a lump sum in the form of a loan and then blow the money anyway.

[dangerdoc]

That’s why I think this may be fake news, that’s a lot of cash. Who is paying and why?

My guess is that when you call, someone with a Nigerian accent will need your banking information to complete the application.

[coincheck]

Wonder how much the government (state and/or federal) will take in taxes??????

And, if they are already working, it will possibly push them into a higher tax bracket. Then they have to pay more in taxes, take home from that will probably be around 6-700 dollars/mo. which will likely make them short on income tax at the end of the year and they will have to pay more......

Should be interesting

[JimRed]

My bet is that within a year most of the participants will trade it for a lump sum in the form of a loan and then blow the money anyway.

The smart ones will buy a 2 or more unit rental property, which if effectively managed can house and feed them for life.

[ameribbean expat]

“My bet is that within a year most of the participants will trade it for a lump sum in the form of a loan and then blow the money anyway.”

You nailed it. This is nothing but the viatical settlement industry acquiring a new target of opportunity.