Most societal wealth, both private and public, came from all the efforts of previous generations, for which none of us currently alive are responsible.
To pay everyone in the US 40K a year would cost 12 trillion dollars a year. The total financial value of EVERYTHING in the US is 129 trillion dollars. 11 years, and every penny ever saved is gone. Every day of hard work evaporated. Everything humanity ever worked for. Every parent who ever saved for their kids future. Gone.
You get a 10 year free ride in the middle class, and then you go back to the stone age.
Do you have any better long term plans?