I am asking this question, because there does not seem to be a modern logical solution.
I hear a lot of people say that socialism might solve a lot of problems, but I don’t think it has any practicality.
Looking at jobs hiring trends, a lot of businesses are almost stopping their hirings, in favour of investing in automation. Which means 5-10 years down the line, “worker owned” might be closer to fiction.
AI is replacing a lot of jobs now and while the trend that new technologies create jobs, I think that jobs might come after 15-40 years.
Are humanity hopeless?
Right away it would be significantly less than $400bil. Only adults would recieve UBI, and there would be savings from eliminating EI, Disabilty, Income Assistance, and OAS.
Why only adults?
Yes, you’re right about the savings on other programs assuming the amount for the basic income is high enough to cover those people.
It’s generally accepted UBI wouldn’t go to children, barring some special circumstance maybe, though not that I’ve come across. Kids don’t get income assistance or disability cheques either. Throwing $1000 a month to a 10 year old would be insane haha.