On the face of it, this makes the numbers come close to acceptable. It also means that UBI schemes essentially take money out of the pot currently reserved for the needy and disabled, and distribute it to able-bodied people plus the needy and disabled. Such a scheme has the potential to have good effects: by eradicating welfare traps that keep... See more

The absence of a contingency plan is a fatal design flaw for UBI. Top-down complexity has a cost. If UBI fails 10–30 years into the future we may have a significant population percentage that has never done any work and suddenly needs to. Because any UBI program failure would likely be a result of running out of money, it could be catastrophic for... See more