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No need to speculate, there are plenty of countries doing variations on UBI already, and they have been for many decades. We can learn from what they do. Australia gives around $1130 AUD / month to anyone that is low income, or doesn't have a job [1] (There is an additional $300/mo right now for COVID, but lets ignore that.) It is means tested, but the result is that anyone that doesn't have a job (for any reason at all - don't want one, quit, can't be bothered) gets that payment. You get more if you have kids, and you might get more for rent assistance too. It's been that way for decades, and Australia's economy has not magically been destroyed. Inflation is not through the roof, prices did not magically go up to just use up this free money. On the plus side, crime and violence are extremely low, and multiple Australian cities are in the top 100 most livable on the planet. [2] [1] https://www.servicesaustralia.gov.au/individuals/services/ce... [2] https://www.cnbc.com/2019/09/04/global-liveability-index-201... |
* The stigma (in non-covid times) toward "dole bludgers" is pretty significant. We're a pretty egalitarian society, but there's a fairly common distain towards welfare recipients. This would likely be reduced if everyone was receiving the payment.
* You mentioned that recipients receive payments even if they quit or can't be bothered getting a job. That's kind of the situation with the current payment (JobSeeker), which was created last year when covid hit. The usual adult benefit (formally called Newstart allowance) had very strict "mutual obligations" and required you to apply for N number of jobs per fortnight otherwise your benefits were cut (https://www.servicesaustralia.gov.au/individuals/topics/mutu...). Also, if you quit a job you would have a cooldown period (usually 8 weeks) before you would receive benefits (with exceptions for injuries, redundancy, etc).
* Rent assistance is basically guaranteed. If you pay rent, you will get a portion of this covered.
* Our welfare program also includes a pharmaceutical discount (almost all prescription meds are $6.60 for recipients).
It's a really decent program overall, but it's not UBI.