This idea is way better
UBI has a few problems:
- Inflation of the prices of goods as more people have more dollars to buy basic necessities. Increasing monetary velocity results in higher prices.
- UBIs typically guarantee a specific amount of money, which creates an underclass of people entirely reliant on the state, who depend on the state for their livelihood, and thus would be leveraged by the state whenever they want to introduce unpopular reforms. This also gets landlords to raising their prices by exactly the amount of the UBI.
- UBIs cost a lot of money obviously.
My proposal accomplishes the same thing as UBI but with none of these issues.