Yes. It does not interfere with private ownership or private economy whatsoever. The notion that wealth transfers are socialism / communism is a misunderstandin

Yes. It does not interfere with private ownership or private economy whatsoever. The notion that wealth transfers are socialism / communism is a misunderstanding that has developed due to political rhetoric in the United States. By way of example, if you are trying to ensure that everyone gets a loaf of bread: a communist solution is taking over the bakery and ordering its workers to produce a loaf of bread for everyone. A capitalist solution is taxing the owners of the bakery and then transferring everyone money equal to the price of a loaf of bread. UBI is clearly in the latter camp.