Basic income policy

According to today's NIKKEI newspaper,Mr.YAMAZAKI ,popular economist, promote the basic income policy. This policy means that the government give every Japanese people money(like pension) for continueing their lives. He said that this policy is more efficient than todays' other policy because in this policy tax money is not decreasing by intermediation. I think that this idea is unique and valuable. But I would like to add one condition that this money must be used not only for consumption but also for investment (for example education,house and equipment).