This would be great, in theory. The reality is that people would live on it and never work, have kids, and the same thing would happen with a new generation. As it expands, you run out of tax payers and the system collapses.
A 'robust' healthcare system that the government runs is a pipe dream.
"have nothing to lose and decide to attack the source of their misery. Bread and circuses will only distract so much."
"If instead we stick our head in the sand and ignore the human cost so that we can temporarily enjoy maximum technological progress AND maximum wealth accumulation for shareholders, as we have been doing for the better part of a century, things will slowly break down and eventually collapse when the pace of change accelerates to the point that enough people simply can’t keep up, have nothing to lose and decide to attack the source of their misery. Bread and circuses will only distract so much."
I suppose the people that are actually working will just need to get more guns.