If that were the case, it wouldn't be the worst idea. If the entire welfare system was scrapped in favour of universal $1000/month, it would probably cost about the same plus you could eliminate huge amounts of government bloat used to determine who gets how much. The failing of Yang is that he intends to keep all the bloat and add distributing $1000/month to it. People blow their current welfare on bullshit anyway. If we can't end the welfare state entirely, streamlining it makes some sense. My fear is that there will just be more new welfare programs added to Yangbucks because, as you say, the low IQ spend it all immediately and then starve for a month. "Think of the poor starving people whose $1000 doesn't feed them for a month!"