Unless I'm misunderstanding, the argument isn't that whoever controls AI will use it to kill everyone, it's that they'll control nearly everything because power snowballs.

They could kill everyone, so aren't you glad they decided to open a soup kitchen instead? Here, have some UBI. Of course, it's not quite "universal" yet, so you'll have to sell your house to make it under the means test. A local firm, owned by a national private equity company, forming part of an international portfolio fund, making up an ETF owned mostly by Anthropic investors, will be happy to buy that bit of real estate. Oh, you wrote that on social media? I'm afraid you're not the kind of tenant we're looking for.

This is basically how life already works for people who aren't capable of holding down a job today. I don't think it's ridiculously cynical or nihilistic to extrapolate from the available data and assume it's going to suck once working people have no bargaining power other than asking politely.