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this post was submitted on 02 Apr 2024
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Universal Basic Income reduced child poverty by 30%.
https://en.wikipedia.org/wiki/Child_tax_credit#United_States
By making the child tax credit non-refundable it is effectively a Negative Income Tax which is a form of UBI.
All of your points misunderstand what the goal of UBI is. By guaranteeing that everyone earns a certain amount of income, the government is garaunteeing a basic standard of living. So a CTC of $3600 means that everyone is guaranteeed an income of at least $3600.
At first, there will be an inital raise in prices as a UBI will likely increases aggregate demand which will increase prices, but eventually prices would stabilize.
Of course, this only helps people with children right now, and there are barriers to filing a tax return in the United States. But the laws could be change to expand the credit, and it's completely possible for the United States to implement return free filing.