that system was called communism, and so far, it has not had any of the success that those envisioning it had wanted.

I cannot see how ownership of the output of automation and AI could be distributed evenly. At best, the people being made obsolete would be given food stamps and the barest of life's necessities so they don't die in the streets (and even that, is getting hard as earth runs out of resources). Until the day humanity discovers how to obtain a post-scarcity society, all income must directly be linked to labour.