>How? It's the same amount of money, just redirected from existing welfare programs and redistributed via taxes. The average spending per welfare recipient is

>How? It's the same amount of money, just redirected from existing welfare programs and redistributed via taxes. The average spending per welfare recipient is roughly $25 a day[0] in the US that adds up to $9125 per person. 23%[1] of households currently receive some type of government benefit, while half of working individuals make less than 30 thousand dollars a year[2]. If you wished to provide basic income to just those making under 30 thousand a year my back of a napkin math says you would at a conservative estimate double the current expenditures and that program isn't basic income as much as welfare expansion. >If you're making $10k/year and get another $10k from basic income, you'll be much better off even if somehow there is significant inflation. If you doubled everyone's salaries, due to supply and demand, the price of every good would then double. Money is used to purchase goods and services that are produced using a finite set of resources. Those resources don't grow simply because you have printed more money. [0]http://www.forbes.com/sites/timworstall/2015/05/04/the-average-us-welfare-payment-puts-you-in-the-top-20-of-all-income-earners/#73db1b519d8f http://www.forbes.com/sites/timworstall/2015/05/04/the-avera... [1]http://www.politifact.com/punditfact/statements/2015/jan/28/terry-jeffrey/are-there-more-welfare-recipients-us-full-time-wor/ http://www.politifact.com/punditfact/statements/2015/jan/28/... [2]http://dailycaller.com/2015/10/25/1-in-2-working-americans-make-less-than-30000-a-year/ http://dailycaller.com/2015/10/25/1-in-2-working-americans-m...