I&#x27;m assuming the existence of some kind of welfare state.   I&#x27;m also assuming, at least initially, basic income is the same as existing benefits.<p>Everyone gets basic income: children, to replace child benefit; people in work, paid for by increasing the tax they pay by exactly the same amount as their basic income; unemployed people, to replace their unemployment benefit; and those above retirement age, to replace their non-contributory pensions.   I should also have included dependent spouses and full-time students.   Their BI can be paid for by further increases in taxation, as well as by administrative savings, rather than by printing money.