No Link to inflation – a UBI does not inject new money into the economy, it only redistributes it through progressive taxation

One of the most recurrent concerns in the debates on the implementation of a Universal Basic Income (UBI) is the effect it could have on prices, so that the increase in people's disposable income thanks to the UBI could be partially neutralised by a generalised increase in the prices of goods and services. This is reflected in one of the major internet search engines: if you write "would universal basic income" the first suggestion is "would universal basic income cause inflation" (Miller, 2021). It is often argued that prices will rise because the UBI is understood as an injection of money into the economy, similar to Milton Friedman's "helicopter money", i.e., as if the Central Bank increased the money supply to finance the measure. On the other hand, it is also argued that if there is a generalised increase in income, regardless of how it is financed, producers could anticipate this increase and raise prices across the board. If the issue is to analyse the effects that a UBI could have on prices, the design of the UBI must be taken into account first and foremost. If the UBI is financed by taxes, it is not a monetary injection into the economy, but a redistribution of existing money. The main UBI proposals call for an increase in taxation of the richest population to finance it, and would therefore be a predistributive income measure, rather than an injection of money into the economy.