The money spent on smartphones and videogames results in revenue for companies and paychecks for employees. So yeah, some people are going to spend their UBI ir

The money spent on smartphones and videogames results in revenue for companies and paychecks for employees. So yeah, some people are going to spend their UBI irresponsibly. But that spending directly and immediately stimulates the economy. In contrast, we currently are dumping vast amounts of money onto corporations, banks, and investors to try prop up the economy. That money just ends up bidding up stocks, bonds, and real estate prices. The stimulative impact is minimal, and mostly results in inflating asset prices.