Yes, the California economy could absorb an additional $32B in additional taxes if that money is then just re-routed back into consumers' pockets via a UBI.
So the overall tax impact isn't my concern.
My concern is why do this at all if just routes money through the state treasury then back into consumers' pockets?
Unless, the UBI is highly distributive,taking money from the well-to-do and giving it to the poor.
But...if it's highly re-distribute then that will incentivize the rich to leave the state and incentivize the poor to come, over time that's not sustainable.
Having said all this, I still 100% support the idea behind a UBI, I just don't think we're ready to implement on a national level much less a state level.