If UBI is funded via taxes on labor and capital rather than taxes on land, it will subsidize landowners and banks and allow them to charge higher rent and make more from mortgages. If the price which a family pays for shelter, rent, and mortagages increases in proportion to the rate which their income increases from UBI, then will not actually be any wealthier.
Society will actually be much poorer, as we would be redistributing money from productive workers and entrepreneurs to unproductive landholders and lenders who were able to capture the increased public spending through higher land prices and rent.
What tax rate are you proposing will genenerate $5.3 Trillion off of taxing the rich?
They already do http://www.oshpd.ca.gov/Chargemaster/
> ban insurance companies
So lose the negotiating advantage and be forced to haggle on prices on a case-by-case basis?
Private healthcare is extremely expensive.
So that "somehow" already has a known solution.
The net result is that you don't need to fund UBI payments for nearly the entire population.