1) It can’t be enough to desirably live on. It must essentially be “survival level” so that there is still an incentive to contribute to society with your work. Unlike unemployment, this means that if you get a job you just make more money rather than trade unemployment for a paycheck.
2) You have to strictly prevent increases due to inflation or inflation will spiral further out of control than it already is, perpetually increasing the UBI to accommodate the increases in costs for everything leading to a death spiral for the currency. Otherwise, it is impossible.
3) You must reduce all other benefit programs by the amount of the UBI to help pay for it.
4) It can only be done in a way that most people will be paying it back with reasonable income levels or it will be a perpetual drain.
1) It can’t be enough to desirably live on. It must essentially be “survival level” so that there is still an incentive to contribute to society with your work. Unlike unemployment, this means that if you get a job you just make more money rather than trade unemployment for a paycheck.
2) You have to strictly prevent increases due to inflation or inflation will spiral further out of control than it already is, perpetually increasing the UBI to accommodate the increases in costs for everything leading to a death spiral for the currency. Otherwise, it is impossible.
3) You must reduce all other benefit programs by the amount of the UBI to help pay for it.
4) It can only be done in a way that most people will be paying it back with reasonable income levels or it will be a perpetual drain.