“If we’re going to solve poverty, we have to start being innovative around it,” AarikaRhodes said on CoinDesk TV. Story by _franvela
Aarika Rhodes, a full-time elementary school teacher in Los Angeles County, has made bitcoin a central plank in her bid for Congress.
Although she is a long shot, Rhodes is part of a new class of politicians who are making crypto programs part of their mandate. They are enticed by crypto’s potential, the industry’s ferventSee also:It’s not Rhodes’ only unconventional economic idea. She told CoinDesk she also supports a universal basic income , or a government-run welfare program to give people small cash payments with no strings attached. In fact, for Rhodes, bitcoin and UBI go hand in hand.
"I think the misconception of a universal basic income is that in order to have it, you have to print money," Rhodes said.a Twitter spaces with a slew of participants, including Block CEO Jack Dorsey, who quit his job running Twitter to spend more time building Bitcoin use cases. According to her, in order to address poverty in a meaningful way, reducing programs that aren’t working efficiently and allocating funds toward giving people a baseline income is the first step. In the same vein, Dorsey supports the UBI strategy, and has invested over $55 million in the U.S. and overseas via his Start Small initiative, a charity initially created for COVID-19 relief.
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