One thing that opponents of BI are missing, and proponents fail to realize and explain is that there will be no "magic extra money" involved. The cost of basic

One thing that opponents of BI are missing, and proponents fail to realize and explain is that there will be no "magic extra money" involved. The cost of basic income will not be higher than what currently is spent on social safety nets. Yes, every adult in the state will get ~1000$ and every child ~500$. That means that lover income or no income people with get enough to survive, without penalizing them for actually working low paid jobs. Middle class people will get the same amount, but obviously they are going to be taxed progressively more, so their net income would stay more less the same as now. Even the richest people will get this money, but I guess they will be net losers because of the taxes. Now, if implemented correctly, there won't be extra taxes, no printing money, since the money will be distributed just a bit differently. No inflation, since total monetary sum stays the same. In addition to that, it might be even cheaper, since it will reduce administrations costs of current welfare system to almost a half. (No hard data, but remember reading that charity spends almost ~40% of revenue on administrative tasks). And, poor people will have incentive to work, since even a minijob would be a net beneficial to them.