No, because the money isn't being printed, it is being reallocated from whatever it would have been spent on either by the people we tax to get it, or by the government who would have spent it on other things. Proponents contend that the economy is better off when people have a baseline income so that they can invest their time in productive things which may be beneficial, like going to school, having more time to raise their children, or starting a business, or volunteering, whatever, without worrying about how they are going to feed themselves. This would be opposed to whatever tax breaks we would be giving that would end up in a trust, foundation, or a VC fund, or whatever the government would have spent it on.

Note, I have no position on whether or not it would work in this way, but that is my understanding of the position of the those in favor of it.