You make good points.<p>I don&#x27;t necessarily oppose BI, but I am very skeptical of it actually working in practice for any nation. We&#x27;ll have to wait and see how Finland&#x27;s experiment works in the long term, but also we should recognize Finland is a small nation (5.3 million population, or about 45% of NYC&#x27;s population) without a major economy like the US. The successes of one small nation don&#x27;t necessarily translate into successes for large nations.<p>&gt; It is very important that any implementation of basic income also do away with minimum wage at the same time.<p>I would argue, and you touched on, that we would have to do more than just drop minimum wage. We&#x27;d have to do away with all forms of social welfare safety nets.<p>There is a good argument that government would actually save money annually by shifting all forms of social welfare into a BI, due to reduced overhead of management, number of concurrent (and sometimes redundant) programs, folks who abuse&#x2F;scam the system, etc. With a BI, that would be it, nobody gets any more or less, and you&#x27;re free to spend it how you see fit.<p>&gt; the only price inflation you should see<p>I&#x27;m not an economist, however I do believe some inflation is natural. This would mean, that over time, BI would have to be increased, just like our current-day minimum wage program. If we can somehow generate a self-sustaining feedback loop on a BI economy, maybe that works.