This idea has been floated before and I am at the moment unsure of whether its a good idea. I do think it is one certainly worth studying and experimenting on like some countries are doing. Basically everyone gets a guaranteed income. In exchange we save money on welfare checks (since everyone gets a government handout irrespective of other sources of income, we don’t need money to catch welfare cheats).
I can see some advantages, for example if people are guaranteed an income they may spend their time doing other things like self improvement. However it will also cause inflation […]