Australia already has basically this. It's called 'welfare', but anyone that doesn't have a job gets a touch over $1000AUD/mo (so just over $12kUSD/year) for life [1]. It doesn't matter if you've never had a job, or have, or whatever. They will encourage you to get a job, and you might have to work a little bit to get that money, but you'll get it.
If you've got a partner, or dependent(s), you'll get more. Likely if you're living on this, you also qualify for Rent Assistance, which means more money.
You also get paid like this while going to University.
Australia has been doing this for decades (my Goole-fu fails me for the exact number of years), and it appears to be perfectly financially viable.
Read more about Australia's policy at [2]
[1] http://www.humanservices.gov.au/customer/services/centrelink...
[2] http://en.wikipedia.org/wiki/Unemployment_benefits#Australia
If you've got a partner, or dependent(s), you'll get more. Likely if you're living on this, you also qualify for Rent Assistance, which means more money.
You also get paid like this while going to University.
Australia has been doing this for decades (my Goole-fu fails me for the exact number of years), and it appears to be perfectly financially viable.
Read more about Australia's policy at [2]
[1] http://www.humanservices.gov.au/customer/services/centrelink...
[2] http://en.wikipedia.org/wiki/Unemployment_benefits#Australia