No, no, no.... Universal Basic Income will only make it easier for people to do nothing.

If money is such a saver why doesn't 100% or for that matter 50% of those considered rich have a business or at least try for one? Why doesn't every venture capital fund throw money out like it's candy? The answers is that it's both money and motivation that makes successful people and businesses. Money no matter the amount will demotivate people. If one knows that just by waking up one is guaranteed a way to stay alive then it's much easier to not do anything. It's easier to wait until the perfect idea comes to mind. We (procrastinators) all know that tomorrow is better than today. Whether we like it or not failure is not just about money. It's also about how we are view by others in society and money will not make public perception any easier.

Yes, there's a place for financial aid and such but it needs to be carefully parsed. No, not everybody needs a basic income. Basic income for all is a bad idea.

I don't think the person understands that basic income doesn't mean resources are infinite, resource are still finite, miserably finite

This is why the ACA was great for startups as well -- a shame it looks like it may be dismantled.

Of course while a UBI of some sort is necessary to deal with the widespread loss of jobs it is hardly sufficient. Most people want to feel useful (mostly as part of something rather than a starter of something) and addressing this need for dignity and acceptance is crucial. Else we'll have more social unrest.

And one reason UBI is unlikely to ever really happen is that the few people at the top (who continually adapt the system to maintain their positions of dominance/wealth) exactly do not want the system to change. They especially do not want to democratize markets, lest they lose their positions. UBI would raise the little guy, freeing him or her to explore more possibilities beyond the treadmill of survival. And that could lead to disruptions, and disruptions are bad for dictators/monopolists.

Remember. A country-wide Universal Basic Income will necessarily come with huge restrictions on immigration.

This might be an interesting read for ya.

https://fee.org/articles/income-without-work/

As an FYI: an average single male in Santa Clara county ( largest component of Silicon Valley) can get about USD $150/mo in cash aid and $200/mo for food (4k/yr). State/Federal Social Security for permanent disability varies $650-1000/mo ($8-12k/yr). Self-sufficiency requires at least $2.5k/mo ($30k/yr) per adult.

I have been thinking of doing it under a gold standard by basically increasing it every time there is a trade surplus and decreasing it every time there is a deficit. Restoring manufacturing will help reduce the trade deficit, but may not restore all the jobs due to automation.

Under Universal Basic Income, since you did not do any work but still get money for free, won't that just devalue the dollar, causing inflation?

I'm all for a UBI. Then I can quit my day job and "do whatever I want" instead. Including saving the world. Case in point just the other day I sat down and calculated, because my state legislature hasn't expanded medicaid, I still need to make "x" thousand dollars per year to qualify for obamacare subsidies. What does this mean? Because we have several children, it's a non trivial amount. The result? I will be keeping my day job, and working 8-5, instead of working part time and living off the dole. Come on, government, fund me! Don't hold back! I don't want to work! Who's with me? Raise the pitch forks and torches! :) (I wish I were kidding, but I really did do that calculating...)

No, no it won't.

Innovation is generally not accelerated by people that are comfortable/have all of their basic needs met. It's accelerated when you are put into a situation where you need to innovate or fail.

Failure is actually the stimuli and it pushes people to succeed more than anything.