Basic-income already exists. New money is created by chartered banks as debt on their balance sheets by fiat through fractional reserve banking practices. This

Basic-income already exists. New money is created by chartered banks as debt on their balance sheets by fiat through fractional reserve banking practices. This is how money is created and distributed in the USA; centralized in ~4500 institutions and a few tens of thousands of people deciding things. It would be just as easy, though controversial, to remove this pure profit stream from the banks and instead give it directly to people. Of course people would probably re-invent the banking system in a distributed way. But then at least it would be clear that the money banks are literally making isn't through some business skill or value addition or even the physical services they provide: it's from being able to magic up new money for circulation. There is plenty of money for basic income. The system for basic income already exists and is the foundation of modern society. It just needs to be made universal.