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I don’t get what UBI solves vs the existing social safety net programs

>James Felton Keith, tells The Sociable that a Universal Basic Income is the best way to distribute an equity stake in productivity — thus creating an “asset holder class.”

US already provides a tremendous amount of value to its residents vs the rest of the world - doesn’t that count as a stake in productivity ?

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Current programs discourage working. If you have welfare for $500 a month and start working for $500 a month, you'll lose most of your welfare; so it's pointless - better to just stay at home or do something illegal.

The cost of administration of the social safety net programs disappears when you stop caring if the benefits are used to buy cigarettes instead of milk, validating that a Section 8 domicile is worth the payments to the owner, or verifying an individual on unemployment is actively trying to return to work. Everyone gets $X.

I guess, but don’t you lose the safety net too?

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