&gt; the reason people are suffering now is the level of monetary inflation<p>I don&#x27;t think any respectable economist actually agrees with you on that. The increase in the monetary base during QE was paired with a collapse in the money multiplier. Most of that cash stayed in reserve at banks (see &#x27;Repeat After Me: Banks Cannot And Do Not &quot;Lend Out&quot; Reserves&#x27;). Price inflation is nowhere in sight; inflation is below historic levels and even slightly below the Fed&#x27;s inflation target.<p>As for the original question, the general idea seems to be eliminating most other forms of government welfare programs (TANF, SNAP, social security, etc.) since basic income will replace them, along with redistributive increases in income&#x2F;capital gains&#x2F;wealth taxes.