Work deterrence, inflation, and the tremendous cost would devalue your own currency.
In general most people work jobs solely and exclusively for the $$$. If they didn't need that $$$ they'd have much greater power to negotiate wages. That sounds amazing in theory, but in reality - how much money would it take for you to go scrub toilets when you could otherwise sit and home and live a comfortable life with your family? Probably quite a lot to say the least. Or for a single young guy, how much would you need to pay him to work instead of him being able to play video games and chase tail all day, every day, if he wanted to? And if we're being honest - you can probably remove young as an adjective.
I did add "likely" because I used to be a huge advocate for basic income, but my view shifted on it overtime as I gained a greater appreciation for how economies, and even societies in general, function. Or that the large number of billionaires we have are largely due to accounting and speculation (read: total on-paper capitalization of stock market vastly exceeding the amount of money in existence), rather than them actually just making obscene amounts of money.
alt Hacker News
Work deterrence, inflation, and the tremendous cost would devalue your own currency.
In general most people work jobs solely and exclusively for the $$$. If they didn't need that $$$ they'd have much greater power to negotiate wages. That sounds amazing in theory, but in reality - how much money would it take for you to go scrub toilets when you could otherwise sit and home and live a comfortable life with your family? Probably quite a lot to say the least. Or for a single young guy, how much would you need to pay him to work instead of him being able to play video games and chase tail all day, every day, if he wanted to? And if we're being honest - you can probably remove young as an adjective.
I did add "likely" because I used to be a huge advocate for basic income, but my view shifted on it overtime as I gained a greater appreciation for how economies, and even societies in general, function. Or that the large number of billionaires we have are largely due to accounting and speculation (read: total on-paper capitalization of stock market vastly exceeding the amount of money in existence), rather than them actually just making obscene amounts of money.