This is the UBI experiment I want to see: The government creates a new currency called $UBI, with the same legal tender status as the official currency for tha

This is the UBI experiment I want to see: The government creates a new currency called $UBI, with the same legal tender status as the official currency for that country ($FIAT). I.e. people can use it to pay taxes, and people are required to accept it when doing commerce. Both currencies exist in parallel. In the true spirit of ubi, everyone is entitled to an equal amount of it, and no one should be worse off by it. So they need to issue the currency new currency to give away. They set up a system so everyone gets the same amount of money, at the same time, for maximum fairness. Everyone's income just goes up, equally. $UBI officially has 1:1 parity to $FIAT, and this parity is used to calculate how much they'll need to "print" out at a given month. Let's say it's living_wage*population_size. That amount can be adjusted once a year by factoring in the government reserves built up exclusively from tax returns. In other words, the monetary base is a known, deterministic quantity. They allow free exchange between $FIAT and $UBI, but the government does not officially exchanges it. They also allow people to set prices to their products and services freely.