Yup. This kind of gets at why us socialists are generally against UBI. It doesn't actually put any power in the hands of ordinary people, and the ruling class can just as easily take it away again as they gave it. Much better to have basic services (food, housing, healthcare) provided directly, with the workers in control, as that both makes it harder to take away (when healthcare workers go on strike, even the rich notice), and harder for landlords to just absorb the difference.
I think this is one area where pretty much everyone who has had some exposure to government can agree. I've often tried to liken it to the ACA. Yeah, we can probably get it passed, and it may help for a while. However, you're one election cycle away from potentially losing it.
I have a very hard time conceiving of long-term solutions to such large problems that don't basically boil down to 'if the government is in charge of it, it will end poorly'
