A GBI would immediately devalue the money to the point that the basic income would essentially be zero and the pressure to raise the level would be irresistible. It is one way to ignite hyperinflation from the bottom, a direct and immediate boost to the price level.
It has been tried and studied before in Canada. In the short term it works, but after a while people get comfortable in their poverty and stop working.
This will be neccessary, sadly, and sooner than we think, thanks to the coming massive social tsunami of robots and automation.
Sounds like just another utopian idea to drive hyperinflation to new speeds.
Any person willing to give this a passing consideration is a failure at life. We tried slavery, which is what this is, and it’s immoral and cancerous to a free society.
At a minimum, it’s just communism masquerading as some new concept.
Ignores human behavior, is small minded, is short sighted. A perfect liberal idea.