My concerns:
1. Inflation - A UBI would touch into an increased money supply and higher wages which I think could push us towards demand-pull inflation. Possibly completely negating or at least partially negating the money earned through the program.
2. Funds - How would a successful UBI be funded? Would taxes increase? Maybe we just tax captial markets and use those funds? Could this somehow be a new role of the fed?
3. Social Programs - Currently, there are many unemployed making more then those working part-time and at minimum wage full time work. (This having to do specifically with the COVID relief added on top of original amount for unemployment). How would this effect incentive to work? Could it potentially impact GDP growth? (and by no means am I arguing that this is the only metric that matters. I am interested in the long term effects this could have. Obviously, "What are the long term affects of not having a home, to be able to afford education and food?" is the relevant counter question.)