The other bleaker outcome is that anybody who doesn't support the needs of the 0.01% will just be wiped out since they no longer serve a purpose. Think about it: sweatshops will be replaced by robots, menial healthcare tasks performed by robots, garbage collectors, janitors etc. None of them needed. So why give them food provided by the robotic farms? The only thing stopping a mass population wipe out by the technocracy is altruism.