Indeed it's more likely to boost the economy since people living on basic income would almost certainly spend ever penny such money would flow instantly into th

Indeed it's more likely to boost the economy since people living on basic income would almost certainly spend ever penny such money would flow instantly into the economy. Also it could actually create new business opportunities. If there are large numbers of people who currently have zero purchasing power (eg the homeless) who suddenly have some cash, they will likely want different products than middle class people at a different price.