It could perhaps work economically if AI automation also reduces the price of goods. What about automation-backed universal basic necessities? Mass-produced tract housing in the Midwest? Sounds awful but better than spending 90% of income on rent. Bread and circuses; subsidized mobile homes and Netflix.
But it won't work if necessities are captured by special interests, e.g. doctors ban AIs giving any medical info, even if it is technically capable of replacing them, so they can keep their own jobs.