Ok yes it could do, but your example augments my main point. Most credit creation is against land. When you incentivise land speculation you create inflation. We've seen this leading up into 2008 when the money supply rocketed.

Basic income is IMHO a bad idea and we should do land value tax, as I said in my post. I don't think basic income would prove as inflationary as a direct tax subsidy against land speculation as the former could feed into some land speculation whereas the latter is basically intended to fuel this fire.

edit - whoops realised I put about land value tax in my other comment. Anyways: land value tax - the establishment hate it.