The way I see it, if you start an UBI, a large degree of power now lies in the bloated government's hands over people's lives. Just think what they can get away with given the threat to withhold those funds. Conditions can be placed on this money and it can be used as a lever for citizen controls.(Consider, for example, laws that require people to take drug tests to collect welfare checks; or any number of paternalist schemes.) A UBI could very well evolve into a mechanism of central control that works in the service of ends that run counter to your values. You would not be able to dissent with government as the risk of being cut off. Also, you would have to hire more bureaucrats to administer this system making the government even more bloated. All of the data that I've seen shows the program running out of money in less than 5 years.
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Imagine that..government not being in control.
They'd rather crash the system than allow that to happen.