Analyze the following argument paragraph regarding the implementation of Universal Basic Income (UBI): 'Implementing UBI is a dangerous idea. If we give people free money, they will never work again, leading to the collapse of the economy. I knew a man who won the lottery and spent it all on gambling; that is exactly what will happen to the whole country. Furthermore, experts who support UBI are just academic elites who have never held a real job in their lives.' 1. Identify every logical fallacy present in the text. 2. For each fallacy identified, explain why it is fallacious and how it undermines the argument. 3. Rewrite the argument to address the same topic using sound reasoning and evidence-based claims.