Need a fourth option. 4 Neither. UBI is just stupid as it provides no incentive to work. This would greatly increase the number of unemployed. With so many not working, who would be paying taxes for such a program? The remaining tax payers. Well, if working means you get to keep less of your income, why work? If you want companies to pay the extra, then they will just move to places overseas where there tax burden is less.
As far as welfare, I am proud that I work for my income. Unfortunately, far too many are raised in welfare homes so they tend to look at the working man as a sucker. Instead of welfare, I suggest public programs similar to the PWA & WPA were people would be required to work on public projects to get the income. Of course, this would be with an exception to people who can not perform any type of work due to physical and mental disabilities. Note the word "and". This is because a person with mental disabilities can still shovel dirt/gravel and people with physical disabilities can still do clerical or phone work.
Neither, it is better to incentivize people to lift themselves up from poverty, instead of giving people free stuff. The ones who are lazy and won't work in a free market are the ones who don't survive. A life where your decisions matter, and the government doesn't take care of you, and makes you stay impoverished, genius am I right?
PWA (Public Works Administration) was a program designed to help people get jobs during the great depression. It hired the unemployed to work on large scale projects like dams, bridges, hospitals and schools. The WPA (Works Progress Administration) did similar smaller projects but hired mainly unskilled workers. Tho it they were intended to provide income for men who lost income during the depression. At around the same time, the welfare programs came to be to aid widowed mothers to maintain their household.
UBI will support working people, While those unable to work will depend on welfare. With high progressive taxation this will lead towards more equality between classes and hopefully to classless society, Where everything is automated. Automation is big concern towards our future and it should free us from work so we can invest into ourselves and our families: we can continue going to further our knowledge, Discover new things and hopefully go to space to live in post-scarcity society.