Would you invest in a generic business if it promises to dedicate 0.1% of profits towards funding UBI in a neighborhood?
Would you demand “legitimacy” or would you just send investment freely?
I would demand a bit of legitimacy.
If I was an investor, I wouldn’t want to be scammed.
Ironically, this kind of “background check" could stop a business from even existing.
I think we’ll just have to trust such a person with a bit of money. They might be a scammer, but if we don’t trust them at all, they won’t even have a chance.
And if they don't have a chance of making such a business, then we'll be left counting on a) politicians who are influenced by corporate interests, and b) insincere business leaders who are good at talking, but bad at actually making UBI happen.
I know, even if it existed in a single neighborhood, that wouldn't be "universal", but it would be a step in the right direction. Maybe a neighborhood in LA is a good target.
Theoretically, if enough people crowd funded a business, even through the use of a social media platform, that could be enough.