Is Universal Basic Income a good idea?

Encyclopedia of Opinion

Question: Is Universal Basic Income a good idea?
Position1 of 3›: No, UBI is a bad idea

This position holds that Universal Basic Income is a bad idea. It argues that UBI is financially irresponsible — its cost too steep to implement — that it could actually increase inequality, reduce the incentive to work, and undermine social cohesion, causing more problems than it solves.

Supporting arguments · 4

UBI increases economic inequality
UBI supplants programs targeted at reducing poverty, redirecting that funding to the wealthier members of society.
UBI undermines social cohesion
Socially destructive outcomes occur when income is no longer connected to work.
UBI is financially irresponsible
The financial deficits greatly outweigh the financial benefits when considering the immense public costs of UBI. Increased tax rates as well as an inappropriate allocation of funds away from public health and education toward UBI creates significant disadvantages and budget deficits directly affecting public life.
UBI reduces the marginal utility of work
Giving people a basic income will mean that the first dollar that they work for will go to a lesser-valued purpose than the dollars in the UBI. That in itself means that work will be less-valued and leading to a greater number of people who do not work.