I think I'm going to hurl at this socialism.
Giving people who made a career out of bad decisions a "guaranteed income" comes with only ONE guarantee - we will create a new class of poor decision makers who don't spend their "guaranteed income" intelligently.
After it's all been blown on crack, weed and booze, they'll still be just as poor, they'll just be too toasted to care.
How would that create a new class? Seems to me that class already exists. At least the 'guaranteed income' concept would remove the punishments imposed on those who try to get ahead.