Even though the idea of every citizen of the world having UBI is a great idea, there will always be opportunists like the greedy bankers backed by corrupt government officials ready to exploit the system.The only way it works is if every transaction is transparent and available to the public for scrutiny or else it will never work.
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How exactly is world socialism a good idea? Markets are what lifted us out of poverty in the West and if you want to walk that same path to prosperity you need to embrace property rights and voluntarism. What is so difficult about this?
the antidote to your clouded socialist thinking. you DO want less government don't you?