Currency is the lubricant for the trade economy, not the fuel for its engine. You cannot create more goods and services by printing more money.
In general, a person that holds more currency reserves exerts greater command over future production. So by continually taking money away from rich people and giving it to poor people, in the long run, your economy will tend to produce more of the things poor people want, and less of the things rich people want.
Inflation will be a big problem for UBI at first, but prices should eventually stabilize--perhaps after 20 years have passed. Good luck protecting such a system politically for that long, though.
In my opinion, you really can't force a work-for-pay, pay-for-goods economy to support a welfare state. It just immediately routes around the damage. You have to establish a parallel work-by-command, goods-by-rationing economy. That's a whole lot easier to do with robotic workers performing all the difficult and nasty work. It might not collapse due to corruption and shortages this time around. Maybe.
In general, a person that holds more currency reserves exerts greater command over future production. So by continually taking money away from rich people and giving it to poor people, in the long run, your economy will tend to produce more of the things poor people want, and less of the things rich people want.
Inflation will be a big problem for UBI at first, but prices should eventually stabilize--perhaps after 20 years have passed. Good luck protecting such a system politically for that long, though.
In my opinion, you really can't force a work-for-pay, pay-for-goods economy to support a welfare state. It just immediately routes around the damage. You have to establish a parallel work-by-command, goods-by-rationing economy. That's a whole lot easier to do with robotic workers performing all the difficult and nasty work. It might not collapse due to corruption and shortages this time around. Maybe.