This analysis focused on funding only without any thought to incentive structures.
There are a a few ways incentives change with a significant UBI instead of traditional welfare:
1. If you go from not working to working, you don't lose anything.
2. You can voluntarily quit an abusive job and still get the UBI.
3. You can save up 6 months of income without losing benefits.
4. In terms of voting, even people above the poverty line benefit from UBI; the only people who don't are whoever you tax more.
Broadly what I would support as a good option is UBI + negative low income tax + lower minimum wage payed for by increased business taxes + increase income tax + increased property tax. Negative low income tax + lower minimum wage should balance out so the low income worker gets roughly the same pay, but the business pays less per employee. This gives an incentive to always maintain open low income jobs. Landlords and general businesses already exploit the low income workers so extra tax is directly supporting UBI is fair. Making the U in UBI make sense necessitates higher income tax for the wealthy.
There are a a few ways incentives change with a significant UBI instead of traditional welfare:
1. If you go from not working to working, you don't lose anything.
2. You can voluntarily quit an abusive job and still get the UBI.
3. You can save up 6 months of income without losing benefits.
4. In terms of voting, even people above the poverty line benefit from UBI; the only people who don't are whoever you tax more.
Broadly what I would support as a good option is UBI + negative low income tax + lower minimum wage payed for by increased business taxes + increase income tax + increased property tax. Negative low income tax + lower minimum wage should balance out so the low income worker gets roughly the same pay, but the business pays less per employee. This gives an incentive to always maintain open low income jobs. Landlords and general businesses already exploit the low income workers so extra tax is directly supporting UBI is fair. Making the U in UBI make sense necessitates higher income tax for the wealthy.