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Absolutely you can sell the fruits of AI labour to unemployed people. Give them a universal basic income and a product worth spending that resource on and you can keep your 1% profit while the rest is taxed to support the citizens economy. You’ll still be the richest man alive
I think it could work economically. But a world where humans don’t really need to exist to keep the economy going is a little concerning when the economy is the absolute #1 thing governments and the media seem to care about.
But why do they? Why isn’t human wellbeing considered more important? Actually IIRC the UK green party was looking to change that as an important metric.