1% is generous, in my opinion.

That's assuming they clear several hurdles and their little nightmare system works out to be the dream they want for them.

It won't. It'll be a dystopian nightmare for them too.

They always fuck up their goals and only end up closer by the sheer inertia and risk insulation that controlling our economic output gives them.

Then some bright and talented person who dreams of doing the right thing provides the missing links in their machinations and they either steal or buy them.

They made sure that wouldn't happen this time by preemptively trying to rob all of the brightness until those who can won't give them anymore, and those who will are slowly being cognitively robbed of the capability itself.

The AI taking over is both (as currently deployed) impossible and probably amongst the best outcomes, compared to the deathly wave of fucking ineptitude these chuds are unleashing and will continue to unleash.

The billionaires are the ones footing the bill and thinking they will be the "new gods" in their restructured society. In reality, nation states will use this technology to make sure that they can't be touched, regardless of how brutal and inhumane their regime is.

In some way, the billionaires are just some stooges getting scammed into developing the chains that will bind us all.