Inflation is the most regressive form of taxation there is. I'm in favor of basic income, but if you try to just print it all, prices will increase to the point

Inflation is the most regressive form of taxation there is. I'm in favor of basic income, but if you try to just print it all, prices will increase to the point that there won't actually be a meaningful increase in purchasing power. Imagine if the Fed just printed up 10 million dollars for everyone tomorrow. Do you think everyone would then be wealthy?