I have often heard people make the back of the envelope argument you are making. I'm unconvinced. Everyone I've heard seriously propose a basic income has coup

I have often heard people make the back of the envelope argument you are making. I'm unconvinced. Everyone I've heard seriously propose a basic income has coupled it with a progressive increase in federal income tax, so that individuals earning above $50k or so would receive no increase in their BI+earned income-federal income tax. So the actual ratio of basic income provision to federal income tax would be much lower than 1:1. 1:2 seems more reasonable. Then, the expectation is we would significantly reduce spending on distortionary and expensive bureaucracy like food stamps, welfare, minimum wage, school lunches, and housing subsidies. I imagine overall people in high income brackets would pay higher income taxes to the extent that we wanted to balance the budget.