We live in an age where elites are consolidating power and money. We can see it all around us. It's tempting to think this will only continue, and AI will be just another tool to enable it to happen.

But I think OP has a better handle on what will happen. All the power and money elites have now is built on very shaky foundations. What happens to banks, stock markets & the mortgage industry - when people don't need to pay doctors, lawyers & a whole host of other professional people for their services anymore, because AI can do their jobs now?