When talking to people who dislike UBI about UBI, they'll often say both that 'people need a purpose in life' and that 'nobody will work if they get free money'.
Those seem incompatible to me.
(UBI means Universal Basic Income, giving everyone a basic income, for free)
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He's assuming infinite elasticity, which isn't how prices work in real life.
The typical version of this argument is that the people who are being taxed in the first place are the ones increasing rents. In which case taxes can then be increased until the desired equilibrium is achieved.
That's not to say we couldn't also provide a basic safety net like he describes. But that raises the question of why UBI should stop there. If our economy can generate a surplus, then why shouldn't all humans sharing their slice of the Earth get it?
CaUsE cOmMuNiSm
Man, I wish Henry George could've convinced Karl Marx of that.