Tbh, it seems like the author does not understand the basic principles of economics and history of economics.
The core problem regarding UBI is the fact that throwing such amounts of money to economy will create an enormous inflation, which will basically mean we would only improve our well being by margin, since more money won't let us buy more goods.
Furthermore, the ones that will benefit most from UBI are those, who have reached en equilibrium, meaning they will generate even bigger profits without investing more money. As the author states - we need to have more money, so that we could consume more, but in the end, the ones that end up with more money are the top 0.01%.
The core problem regarding UBI is the fact that throwing such amounts of money to economy will create an enormous inflation, which will basically mean we would only improve our well being by margin, since more money won't let us buy more goods.
Furthermore, the ones that will benefit most from UBI are those, who have reached en equilibrium, meaning they will generate even bigger profits without investing more money. As the author states - we need to have more money, so that we could consume more, but in the end, the ones that end up with more money are the top 0.01%.