Comment by dagw
If you have millions of dollars in the bank, you can invest frugally and get more than UBI off of interest/dividends today. If you're not happy with just that and still working, you won't be happy with just UBI either.
If you have millions of dollars in the bank, you can invest frugally and get more than UBI off of interest/dividends today. If you're not happy with just that and still working, you won't be happy with just UBI either.
The main effect of UBI getting people to not work is that it raises the bar for working from “I don’t want to live outdoors and starve” to “you are paying me more than my time is worth”.
People that use ubi to quit their jobs mostly end up investing their time in things like additional education, higher paying (per hour) part time positions or entrepreneurship.