The things I don't see working so easily under the UBI, or at least not mentioned in the article are:
- guaranteed income rate increases. $10,000 strikes me as low. Not drastically low, but low enough that I think it appears more like a place to start, bargain from. I think anything over $20K would de-incentivize people to work. Had it started at $15K or higher, I'm not sure if I'd be making this point, other than to say $15K say 10 years from now, might be unrealistic.
- healthcare. $3K a year for some people in today's healthcare market is extremely low. It's obviously the one thing that UBI can't get around and so is keeping that type of expenditure as mostly socialistic. But the next point helps bring this into perspective.
- what happens if someone has to declare bankruptcy one year? Say, I'm on UBI and am actually working, but still under the threshold for being surtaxed, and I owe someone $150,000 for some medical procedure (as an example among many). Logically, I would declare bankruptcy to forgive that debt. But would knowing I'm guaranteed an income in subsequent years make it so my entire income in future years would go to paying that debt? Or that I have that debt (any debt) be reason to not work, realizing it could take my entire life to pay off some debts? While all this is possibly a severe drawback, it's not like this problem doesn't exist under the current system. If someone owed me $150,000 and they aren't going to pay it / can't afford it, that will affect my overall wealth regardless of how you set things up.
Essentially scams and unpayable debts aren't going to be helped under this scenario, and yet, thus far critics in this thread (from what I've read up to point of starting this post) aren't seemingly realizing all their criticisms apply to current set up.