At the very least it makes me want to check my watch is still on when someone tries to convince me it's an "anti-elite" invention, despite appearances, as this article seeks to do.
Inflation scales with your networth too but it doesn't reward you. You'll have to find an income source to cover the loss. Most inflation protected income streams rely on employing humans.
If you were to pay out a fixed UBI to all people and finance it with inflation then basically people with above average deposits would see the value of their bank account decrease and approach average wealth and people with below average deposits would see the value of their bank account increase and approach average wealth as well.
Assuming inflation = low unemployment holds then incomes would rise vs wealth which would be a reasonable approximation of the theoretical UBI I proposed above.