Yes,definitely!But,I don´t pay taxes,since I don´t have an income,so you just have to take my word for it! But seriously, though,the taxes don´t have to be raised much,since you eliminate most existing benefits,and also boost the economy,since you are taking away the poverty trap in a means tested system,where your income will lead to reduced benefits,and you feel like you work for free.This leads to more economic activity in the form of start-ups,or so the evidence goes in the pilots there has been so far. http://www.basicincome.org/research/
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No worries, maybe it doesn't have to be a tax on your income. Maybe we can tax fuel, or capital, so maybe you can contribute in that manner :-) Let's hope those pilots are right.
Altough I have my doubt with those pilots because they always have smaller 'test'groups while the real proof would be to see it work on a larger scale.