Universal Basic Income is the billionaire’s consolation price for the working class once the workers have automated the economy to a certain degree. They get to keep the resources while the workers/former workers get to subsist “for free” on a livable pittance. Helped along ideologically by useful idiot multi-millionaires[1] who chant about “just upskill”/“just be Mensa-level intelligent”.
[1] https://infosec.exchange/@codinghorror/114606355212363074