>>513271889
The ownership of the means of production will become a genuine topic of discussion as automation progresses and it won't be a socialist talking point anymore. That won't be now, or in 5 years, but eventually it will occur. There will be a tipping point where the ratio of Employed:Unemployed causes extreme instability.
The easy answer will be to employ UBI to just let the peasants leach off the system and recycle the money to stave off revolt. Or (and this is less likely) a massive class war erupts between the peasants and the owners, perhaps totally divorced from modern socialist ideology as we know it today.
Judging by how easy it is to please normgroids, I fear the future of humanity will just be a dollar being spent on a porn website, and the dollar being taxed, then the dollar returns to the porn addict to spend it all over again, for the rest of time. And that's the good ending. Your description of massive culling seems likely. Bleak.