Think harder.
Do you think the government is going to react with mass nationalisation of private companies to fight wealth inequality? What would the threshold be? The top 1% owning half of everything? 70%? I share no such optimism. The wealthy already have their interests much better represented in politics than their share of votes should allow (and this is a really difficult problem to tackle!), this is only gonna get worse and any government action against rich people interests is going to be increasingly difficult to trigger and sustain.
Even if such mass nationalisation happened, why would you expect a better final outcome than every attempt at communism got (while doing the same thing): Namely, government just splitting up those spoils with their cronies?
the government won't control uptime, ever.
The big problem I see is that there is little incentive for "owners" (of datacenters/factories/etc) to share anything with such hobbyist laborers, because hobbyist labor has little to no value to them.
All the past waves of automation provided a lot of entirely new job opportunities AND increased overall demand (by factory workers siphoning off some of the gained wealth and spending it themselves). AI does neither.