> running out with the winnings and buying expensive sports cars, drinks etc.
I'm not entirely sure if you know what UBI is. It is not giving everybody enough money to buy a sports car. By a long shot.
> Less smart people might spend their money on lottery tickets, junk food, booze etc.
That's an incredibly narrow minded view. It is also irrelevant, unless your intent is that your 'less smart people' have so little money, they are homeless. The general idea behind UBI is that 'subsistence level' workforce at its base isn't going to change a whole lot in buying power. They can elect to stop working entirely and still live decently enough (but certainly not if they spend it all on lottery tickets. Junk food tends to be cheap; if anything, UBI will help there) – this is good, as it pressures business that can automate, to do so, vs. making someone spend their life doing an easily automated job.
> I'm not entirely sure if you know what UBI is. It is not giving everybody enough money to buy a sports car. By a long shot.
Really? Because according to this[0] I can make loan payments on a Tesla for $1000 per month. If I started getting an extra $1000/month, why not drive a Model S?
That's what UBI does.
> running out with the winnings and buying expensive sports cars, drinks etc.
I'm not entirely sure if you know what UBI is. It is not giving everybody enough money to buy a sports car. By a long shot.
> Less smart people might spend their money on lottery tickets, junk food, booze etc.
That's an incredibly narrow minded view. It is also irrelevant, unless your intent is that your 'less smart people' have so little money, they are homeless. The general idea behind UBI is that 'subsistence level' workforce at its base isn't going to change a whole lot in buying power. They can elect to stop working entirely and still live decently enough (but certainly not if they spend it all on lottery tickets. Junk food tends to be cheap; if anything, UBI will help there) – this is good, as it pressures business that can automate, to do so, vs. making someone spend their life doing an easily automated job.