What I'd really like to see is this tried out in a small impoverished area to see the economic results first. This all sounds great on paper, but if this becomes a thing, I'd like to dip our toes in the water first, just in case.
The experiments have already been run. IMO this is the obvious solution to wealth inequality and technological unemployment.
Where does the money end up? We give 10,000 people UBI, where does that money accumulate? Was it tracked in those studies? What happens if this turns into the Wallstreet bailout all over again where the money just ended up in the retirement funds and bonuses of execs?
It ends up in your bank account. Unconditionally -- every month -- just for being alive. You shouldn't have to pay to exist. You should be able to spend your one life doing what you want. End of discussion. We wouldn't be giving "10,000" people UBI. Everyone would get a minimum income.Where does the money end up?
Well hopefully a UBI would boost the economy, especially for small business, as it would promote greater middle class spending. Right now our money is accumulating in the off-shore bank accounts of a few hyper-wealthy people. Now that money could just circulate fairly in the actual marketplace.