The one minute pragmatic case for a basic income:
All government attempts to run the economy have been dramatic failures. It is impossible for any one to have all the information necessary to produce everything people demand. But the free market leaves those with the least ability to starvation and homelessness, forces those with the greatest ability into prince or pauper gambles in order to innovate, and enslaves the vast middle with the fear of poverty. The welfare and regulatory state mitigates the worst of the free market, but it also stifles growth and innovation while mismanaging the lives of the poor and allowing many to fall through the cracks. Social experiments and the Alaskan oil dividend have shown unconditional cash payments to be effective at reducing poverty. Theoretically, a basic income will free the poor from government, the workers from capitalists, and the capitalists from regulators. Pragmatically, every other economic system has failed, and a basic income is the last idea we have not tried.