Indeed, I can't tell how inflation doesn't happen either - some people said above it wouldn't happen unless the government prints money, but that seems to be a very limited view of how inflation happens.

Obviously, if some people have more money than they had before - they have more buying power, and with more competition amongst buyers to purchase limited products, the prices of those products must rise. Added to this, the concept being thrown about that almost no one would work a low-paying job in such a system, you could consider a lot of your less expensive products/services to simply disappear. Meaning you get a double-edged sword on inflation: cheap production diminishes, and increased competition for more expensive products.

I'm sure there are a thousand economists and theorists who would like to say that's completely wrong, but I'd like to see it play out, and see where this goes. (Not that I agree that it would solve the problems people refer to: what happens when a mother spends her money poorly? We'll still say we have to bail the kids out, because they didn't have a choice. Other social welfare programs may shrink, but they won't go away for so long as we assume a duty to others, and accept that others won't always behave dutifully.)