Well I can tell you that I work 40+ hours a week and am very unhappy my neighbor has a more expensive house than me. Someone should do something!

All the proposals I’ve seen would set the marginal tax rate on the 120 so high that his earnings would end up more like 40k from the 120k job and then he gets his 60. So, still some benefit to working, but a very progressive tax rate on higher earnings. Not sure I agree with this, but that is what I’ve seen.

Your neighbor would get $60K UBI but their tax bill would go up by $80K because the government needs tax revenue to pay the UBI.

For high levels of UBI it’s not possible to get all of the necessary tax revenue from taxing billionaires or corporations or other simplistic ideas that sound good unless you do math.