where the hell is the money from this going to come from?
End all current welfare programs remove their administrative costs. Replace them with a single program tied to peoples tax returns paying them (as an example) half the difference of what the make and $30,000.
Honestly, this is going to become a real big discussion over the next 50 or so years. We are approaching a post scarcity environment. Automation and robotics are increasing at an exponential rate, and unlike the past, job creation can't keep up. Wages are continuing to stagnate and/or decrease for the lower and middle class. 8 people control 17% of the worlds total wealth, and centralized banks hold around 40%.
If these trends continue, something has got to give. That could take the form of mass starvation, civil unrest, new government programs, or entirely new economic models we have not considered seriously yet.
Post scarcity lol, when oil hits 200 bucks a barrel that talk will end quick