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Well, once there is no more jobs, or once a large enough number of people are made redundant, it will mechanically happen. Future is all about research and entertainment. That is why tiktok stars and soccer players get so much money. All that being based on DARPA research, I mean the internet. People just want to have fun. Du pain et des jeux.
> Well, once there is no more jobs, or once a large enough number of people are made redundant, it will mechanically happen.

Ha. Are you new here?

No, you will be a 'greeter' at a venue, a cleaner cheaper than the equivalent robot, a yes-mam serv in some corporate's division pfiefdom, or doing some endless sysiphus task for the ethernity of your days to get your daily ration after you get your eyeball scanned to confirm your identity at all points in the system. Can't let the masses run wild.
You wish it would happen. It could happen by the laws of physics. But it won't happen by the laws of politics. The redundant people will be culled from existence instead, one way or another.
No, the handful of billionaires would just let the now-unemployed people starve, or employ them as quasi slave labor. We know because that's what is already happening right now.

The billionaire are not going to magically develop a sense of empathy and morality and give away huge chunks of their fortune to fund Universal Basic Income. They would rather invest a few million into building even taller walls around their compounds to prevent a repeat of the French Revolution.

No one ask them to fund it. The financial system will resolve itself. If you can't buy their product, they are not going to remain rich much longer. And AGI will make them just as irrelevant as any other person. And if they want their peace of mind, they are not going to amass huge amount of land while other people are just starving. That would be besides the point anyway, because it is going to equalize things. In the new economy, the one who can drive AI best, and who is clever enough to know what to ask gets ahead.