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I always assumed it would be something like earned income tax credit, or supplanting existing welfare models. I don't think your arithmetic accounts for that, and assumes that every working class person would receive a UBI payment, but maybe I'm reading it incorrectly.

Like, why would I, for instance, with my full time job and decent income, get a basic income on top of that? The answer to your question, for me, has always been: I would get taxed and it would go to those out-of-work or under the poverty line, and I would be able to take advantage of that if I were in either of those two categories.