Andrew Yang had the right idea with the Freedom Dividend. That's a smart way to frame it, and Alaska is an example of it working with an annual payout to residents ("Permanent Fund Dividend").

https://en.wikipedia.org/wiki/Alaska_Permanent_Fund#Permanen...

What profit sharing when we run a deficit every year?

who is? the human race or national governments? those two are not the same.

wealth and GDP is growing faster than the cost of living in absolute terms.

As long as the GDP grows faster then the deficit/interest, we’re good.

has that been happening? i guess so, in some sense, because the interest rate is "0"...

and when we're not running a deficit, we're suddenly running a deficit.

I'm in favor of basic income, but tying it to "profit sharing" is just silly.

Based on what profit? The U.S. economy is on life support and its printing $3+ trillion deficits with massive incoming unfunded liabilities and a shrunken worldwide economy. We are due for a world of hurt and economic pain for the next decade.