In other words, everyone will be paid the same?
No - basically it’d be like social security for everyone. You can still work and receive income from a job while receiving social security. The general idea is it would replace all other forms of welfare. It’s too expensive at this point to do but *if* 50-70% of net jobs are eliminated over the next 50, 100 years due to automation/robotics - governments will be forced to provide one or face revolution.