It's an interesting idea. Obviously there are a lot of details to work out about it, but it sounds promising in concept at least.
I wonder about the reasoning power of someone who would say that this idea is "crazy," yet not bat an eye as the government spends billions on weapons systems we don't need.
Agreed. It's not as though we couldn't afford this plan easily if we wanted to; the argument that it would be too expensive doesn't really hold water.
Now as to whether or not it's actually a good idea, I would agree with Supersoulty that there should be an income cap, although that of course would decrease its popularity as it would then become a welfare program. It's a good idea, though it could use some refinement.
