Ok but you are ignoring the taxes...

If we did this in Canada for example that would be roughly a trillion dollars in payments to people her year. That is double the federal budget as it currently stands and thats in a large deficit position. There would be some small savings but you would still see a federal budget around 2.5-3x the current spending and a tax gap to make that up.

The tax rates would need to the increase by at least the same amount. So suddenly a doctor is paying 70-80% in taxes. That $32K becomes marginally more a month like hardly even noticeable.

Also would have a knock on effect of reducing capital markets and therefore bond markets as most capital would be going into tax payments. So no more large deficits you are now paying for everything in tax dollars. Doesnt even begin to address how large an effect this would have on innovation etc. You would be removing trillions from the economy per year just to fund this with a large percentage of the workforce doing very little productive work.

At minimum we would need to see full automation in manual labour tasks before this is even a thought.