I'm assuming the existence of some kind of welfare state. I'm also assuming, at least initially, basic income is the same as existing benefits. Everyone gets

I'm assuming the existence of some kind of welfare state. I'm also assuming, at least initially, basic income is the same as existing benefits. Everyone gets basic income: children, to replace child benefit; people in work, paid for by increasing the tax they pay by exactly the same amount as their basic income; unemployed people, to replace their unemployment benefit; and those above retirement age, to replace their non-contributory pensions. I should also have included dependent spouses and full-time students. Their BI can be paid for by further increases in taxation, as well as by administrative savings, rather than by printing money.