No, unless the implementation is completely braindead. UBI well done would be essentially just transfer and removal/reduction of means testing and lowering eff

No, unless the implementation is completely braindead. UBI well done would be essentially just transfer and removal/reduction of means testing and lowering effective marginal tax rates for low income people. It would replace many social security benefits at the lower end and it would be taxed away from the higher end. In Finland we have had UBI proposals that are completely budget neutral. ps. Increasing money supply (monetary policy) is different subject from fiscal policy (government spending and tax policies). You can increase government spending without increasing money supply.