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I think the reality will be more like the instability of UBI+VR in @KarlKGallagher's Torchship world (https://amzn.to/2BeM8O9 ) or the webfic RA (https://qntm.org/ra ). Having a growing fraction of society spending their time unproductively in a fake world is not stable.
Such a society is - and this is speaking entirely from an analytic standpoint, no moral judgement- an abomination to Moloch (http://slatestarcodex.com/2014/07/30/meditations-on-moloch/ …). The abomination is even worse with UBI, and x100 in a democracy where UBI recipients can vote.
This is not a commentary on justice or morality or any aspect of what "should" be. It is simply an observation about the world as it is, namely that it ruthlessly culls systems of the form "people can vote themselves welfare to play video games instead of working".
While ppl like @slatestarcodex somehow both understand Moloch and believe in UBI, I feel very strongly that basic game theory dynamics make "UBI + Universal Vote" clearly untenable. SocSec/Medicare already threaten to bankrupt the world's richest country through these dynamics.
Not that accurate long-term analysis has much to do with democratic policy - I'm not writing to influence legacy states. Rather, to explain to remainers and potential exiters why we must & will exit from the states whose decaying orbits will inevitably result in fiery death.
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