Some good points in this article by Jason Hickel:
But UBI fails to transform anything about the underlying system of production. It accepts the existing system on its own terms: it does nothing to change who controls production, what kinds of goods and services are produced, under what conditions, and for whose benefit. This is one of the reasons that plenty of neoliberal capitalists, including Milton Friedman, have been perfectly comfortable with the idea. But ignoring the system of production is a problem, because the system we presently have—capitalism—is profoundly destructive and cannot address the multiple crises we face.
The Limits of Basic Income - Current Affairs