Exactly what will not happen, and a major reason why UBI will be a colossal failure if implemented. In our current political climate there is no way in hell UBI is implemented fairly and with rational checks and balances. The effort to implement UBI will be riddled with "pork" and what end up with in reality will be a sad, sad joke.

> The UBI must be indexed on the cost of life and updated every year.

That makes no sense at all. UBI is just an income redistribution scheme, thus it can only work if it's linked to productivity. Otherwise you create a system that's bound to fail and collapse in the times it's needed the most: an economic crisis.