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.
The inherent reason why feudal lords existed is because, if you're a leader of a warband, you can use your soldiers to extract taxes from population of a certain area, and then use that revenue to train more soldiers and increase the area.
Today, instead of soldiers, it's capital, and instead of direct taxes, it's indirect economic rent, but the principle is the same - accumulation of power.
