Exactly.

UBI is like printing money - the last stage before a country's hyper-inflationary collapse.

Instead of inflation & printing money, we should instead be thinking of salt - once a valuable commodity, nowadays so cheap people are literally giving it away (restaurants don't charge for it).

With enough technological development, almost every necessity of life can be as cheap (and cheaper) as salt. Except medicine, because people will always want to live longer, but even there technology helps - poor people in first-world countries have access to much better healthcare than even the riches human 100 years ago.