Although I fall on the conservative side of the spectrum, my greatest concern with UBI is that it might not work AND cost a lot of money. Would we just get the

Although I fall on the conservative side of the spectrum, my greatest concern with UBI is that it might not work AND cost a lot of money. Would we just get the same effect we've observed with all the access to student loans and grants for those going to college? There the idea was that offering easy government subsidized loans and means tested money would make college more accessible to every American. What we actually got was vastly more expensive college. So my concern is that the market would just adjust to reflect the fact that everyone was now $3000 (for example) richer...which would mean that nothing in real terms would change. Philosophically, I hope it would have the effect of ensuring greater innovative behavior and drive. I.e., if you're not afraid of your ability to make ends meet (have enough food to eat and a roof over your head) then maybe you launch that start-up you've always dreamed of. Or maybe you follow more appealing work (which doesn't pay as much as your existing occupation). Or, perhaps you just decide to work a little less and spend more time on the things which really matter in life. The risk is that we'll get sub-optimal outcomes. People may just decide not to work, and also not to live in a meaningful intentional way--but to just sit around drinking beer, watching Netflix, and wasting away Wall-E style. It'll be interesting to see how this plays out.