Spotted by Shiney Mart in The Economist (register for three free articles a month):
An economy as rich as America’s could afford to pay citizens a basic income worth about $10,000 a year if it began collecting about as much tax as a share of GDP as Germany (35%, as opposed to the current 26%) and replaced all other welfare programmes (including Social Security, or pensions, but not including health care) with the basic-income payment.
That level seems a little on the high side to me, why not just assume it is set at current welfare rates and try again? Either way, it would not mean an increase in 'taxes' if you count the CI as a simple tax break or negative tax. The net cost is always zero.
Shiney reckons that the idea must be gaining traction, which is why TPTB are now setting out to ridicule it. Most of the comments are far better informed that the writer of the article.