We could expand but it boils down to bringing back aristocracy/feudalism, there was no inherent reason why aristocrats/feudal lords existed, they weren't smarter or deserved something over the average person, they just happened to be at the right place in the right time, these CEOs and people pushing for this believe they are in the right place and right time and once everyone's chance to climb the ladder is taken away then things will just remain in limbo, I will say, especially if you aren't already living in a rich country you should be careful of what you are supporting by enabling AI models, the first ladder to be taken away will be yours.