How would the government pay to provide Universal Basic Income to every citizen? It’s one of the harder questions relating to this topic. Frank Stilwell, a Professor Emeritus in Political Economy at the University of Sydney, says there’s an “inevitable uncertainty” surrounding UBI and its economic consequences, which all depend on how it’s implemented.
Many conservatives think a UBI might be a means to replace the welfare system—one way UBI could be funded. Boyce and Barnes point out that “Past proponents of the idea include the revolutionary Thomas Paine, civil rights leader Martin Luther King, Jr., free-market economist Milton Friedman and President Richard Nixon.”