That’s correct.
I just don’t understand why everyone piles on people who say that we should do UBI. Most regular people are trapped under a mountain of debt and stuck in a debasing currency where the banks get bailouts, the military gets blank checks, and they barely get food stamps.
I know UBI is horrible economically, but I like it in the interest of fairness and with the goal of accelerating the transition to a system of sound money. And at least in theory, it would accomplish both.
But if you’re against all deficit spending and want to be against UBI too, that’s 100% valid. Just understand that centralized, corrupt spending of money usually funds wars, surveillance, and propaganda, while individual people usually purchase food, housing, and energy.