You’ve just described a primitive communism utopia.
It will not work, because there will be no real need to produce goods, except as many as the AI owner class will need.
I don't understand this comment. "There will be no real need to produce goods, except as many as the AI owner class will need" is exactly the point---people not in that class will be powerless, useless (to the owning class), and expendable.
Correct. That’s what I meant. The ruling class will only produce goods for themselves.