That will entail an immense amount of violence to be undertaken by the working class against those in power, unless you think they'll gladly give up all of their ill gotten gains out of the goodness of their black little hearts.

In fact I don't think that rich people are cartoon villains who enjoy watching the poors starve. If AI leads to greatly increased productivity, then at existing tax rates there will be more than enough to provide good living conditions for people who can't find jobs.