[akhatri_aus]

I think there is an opposing argument to the benefits you claim could be achieved. By having free income, there is less of an incentive to work, there is actually a large chance productivity would drop, not increase!

Also, keep in mind you need funds to run the tax collection system to collect taxes to fund the basic income scheme. On a theoretical basis you may have a point but I don't see its that easy or possible in reality. I for one would just use the basic income to live and roam the world without giving anything back (since this is what I'm incentivised to do).

[douche]

I doubt that. If basic income was implemented as a straight, tax-free cash payment, which didn't contribute to income tax, and replaced current means-tested welfare benefits, I think that it would actually be a net win for everyone. If you work, it means extra money in your pocket, and your benefits don't get pulled out from under you if you go over the income limits. On the government side, administration gets much simpler - just mail out the checks to everybody. You could also drastically simplify the tax code.

[ThomPete]

There is'nt less incentive to work I dont know how you would conclude such a thing.

With unconditional basic income there is always an incentive to work since it will always benefit you even just for a day. You aren't going to live like a king on basic income, not even close.