The fallacy in that argument is that you're equating "dropping out of the labour market" with doing absolutely nothing of any value.
For life.
The other side of the fallacy is that any occupation based on investment or speculation is essentially parasitic, unless it includes a rare commitment to stick with an enterprise until it's a net benefit to all stakeholders. (Not just shareholders and the board.)
The latter occupations are "in the labour market" but still making a net negative contribution.
Essentially you're attempting to frame this as if UBI encourages freeloading. In fact the most influential freeloading is mostly at the other end - and the fact that it's considered a heroic and noble kind of sanctioned freeloading doesn't change its basic nature.
So unless you're sure that everyone who is temporarily out of the labour market does nothing of value to anyone, ever, and also that their negative influence is worse than that of speculators and rent-seekers, it's hard to be convinced that this is a serious problem.
The other issue - social capital - is a complete different problem. People who are in work don't necessarily have access to social capital either. But as a rule it's easier to start a business with a safety net than without one.
UBI could always be associated with opportunities for extended education. Money alone is rarely the issue, and there aren't many downsides to extended adult ed.
For life.
The other side of the fallacy is that any occupation based on investment or speculation is essentially parasitic, unless it includes a rare commitment to stick with an enterprise until it's a net benefit to all stakeholders. (Not just shareholders and the board.)
The latter occupations are "in the labour market" but still making a net negative contribution.
Essentially you're attempting to frame this as if UBI encourages freeloading. In fact the most influential freeloading is mostly at the other end - and the fact that it's considered a heroic and noble kind of sanctioned freeloading doesn't change its basic nature.
So unless you're sure that everyone who is temporarily out of the labour market does nothing of value to anyone, ever, and also that their negative influence is worse than that of speculators and rent-seekers, it's hard to be convinced that this is a serious problem.
The other issue - social capital - is a complete different problem. People who are in work don't necessarily have access to social capital either. But as a rule it's easier to start a business with a safety net than without one.
UBI could always be associated with opportunities for extended education. Money alone is rarely the issue, and there aren't many downsides to extended adult ed.