A universal basic income is the best way to eradicate economic inequality.

A universal basic income already exists in the USA in the form of the current myriad of welfare programs today. Are we arguing scope/amount? Have the existng programs been successful? Aren't they administersed by an elite class of greedy beurocrats? Should we give them more power over our lives?

Irrelevant Conclusion

The first statement, "A universal basic income already exists in the USA in the form of the current myriad of welfare programs today.", is objectively false because it does not adhere to the definition of universal basic income. For example, the contemporary welfare system is means-tested, negating that it is "universal". Additionally, benefits are highly-specific (such as food stamps or electric assistance), so it is misleading to connect this with the idea of income.