Let me explain. On paper this sounds great, everyone gets income to cover living costs (housing, food, basic utilities) in an economy where the workforce demand is dwindling. However, I personally don't trust my government (US) to implement this properly without any special niches carved out for someone. The corruption is rampant and by the time it gets through our government they will absolutely put loopholes in it or help special interests groups with something.
My second problem with this is those who mismanage their money. There will absolutely be people who abuse the system and use this money to not cover their required expenses and use it for a variety of things they don't need. At the end of the month if they don't have any money left how will they cover their necessary expenses?
Everyone keeps looking at basic income as this perfect solution and I just don't buy it. In a perfect world where the government aren't so corrupted and incompetent along with people who knew how to properly manage their money I feel this could work. However, I just don't see this working and it will be another money sink from our government.
Maybe someone can convince me otherwise.