What's the opinion of this community for a scheme like NYAAY which envisages Universal Basic Income.

I'm increasingly compelled to buy the following argument: - Our world and our nation is already plagued with inequality. Wealth and income are concentrated in the hands of a minority. - AI entering into the picture can only drive down bargaining power of labour. Infact there'll be fewer jobs and too many chasing them. Underpaid jobs and underemployment can be the zeitgeist. - This can further drive rich more richer and poor more more poorer. In such a context something like UBI can help people from getting rot in financial distress and ensure that they secure a minimum quality of life. - Infact rich/industrialists should start seeing as a mechanism which will sustain demand for their produce and will shield societies from a collapse or meltdown. Looking forward for your insights and respectful exchange of ideas.