Also: what about highly unrewarding jobs?
So it's obvious there is a feedback loop here. Basic income -> price hikes -> more basic income -> more price hikes ... The question is what multiplier we have between the steps. If that number is << 1 (much smaller than one) ... then no problem. If it's anywhere near 1, basic income will result in total devastation of the economy.
There are jobs that would be affected more than others. Elderly care, for example, is a very dirty, very unrewarding job. With basic income it'll become completely impossible to pay for. So that looks to me a very basic tradeoff : you can have one of these : elderly
And that is a consequence that's very unlikely to be appreciated by either rich or poor.
If you're in a world where you don't _have_to_ work for a living; you can take your time meeting your basic sustenance needs with real food. Fast food is actually a bad deal, and most of the people eating it are doing so because they are under time-pressure of one sort or another.
What if your work didn't have to suck? What if you could actually work, create something useful and enjoy it?
I don't understand why people think this is such an impossible concept.