[quote=FlyerInHi]
Yeah. Considering all the current social costs, including criminal enforcement, ubi would be cheaper and result in a richer society. People would consume more on goods and services thus improving the economy. Combine that with legalization of marijuana and cuts in military spending.[/quote]

I don’t understand why you think UBI would be cheaper and also result in people consuming more goods and services. If it’s cheaper then the government is spending less money. Therefore those that receive government money would get less and consume less. I don’t see how it does anything then change who the winners and losers are. The only way I see it resulting in more consumption is if the savings rate goes down in aggregate. I.e. we take money from people who save money and give it to people that spend money.