Nothing in life is black and white as we tend to label them. There are always pros and cons in everything. As we approach the age of AI, this chapter could even be considered as a new experiment in the history of humankind. None of us can accurately predict the future so it might actually be beneficial to witness the outcome from such experiment. Good or bad, there will be something here for everyone to learn.
If the entity 'taking care' consists, ultimately, of a small group of elites, this really just boils down to a few individualists controlling everyone else. That's far from collectivist!
I'm open to the idea that this is not currently the case, but it wouldn't take much for it to be so. That's why, as a collectivist, I am inclined to be more on the 'hate' than 'love' side.
Collectivists will love it. Individualists will hate it.