If my basic needs and wants were met, I would absolutely stop working. I'm hoping to retire in about 6-7 years and then never work again. Some people in my same situation are already talking about how they'll get another job to 'keep busy'.

I'll keep busy, but I'm not going to work. I can be plenty busy by reading, playing video games, watching Netflix, spending time with pets, and sleeping in on weekdays.

That's exactly what I would do with a guaranteed income that covers my basic needs. Now, $700 a month would not be that. That honestly would not really change my life at all, though I know it would for many people.

But it wouldn't erase my need to work in order to support myself financially, even though I have no inherent interest nor desire to work.