I think this founder (and those who would agree) are conflating 'high income' with 'elite'. I wouldn't call my childs pediatrician an 'elite'. Or the lawyer who helped create my will.
The individuals who genuinely shape and direct the corporate oligarchy that America has become are already using A.I. for nefarious purposes even in its nascent status.
Look at police forces using various forms of facial recognition, or companies like Amzn/Msft intentionally weakening privacy laws and consumer protections to train models that theyll then use to exploit the data theyve harvested from you without consent, etc.
As LLM and other Generative AI tools continue to mature, we absolutely will see them employed in the continued consolidation of power amd wealth by the 'elite'. Even if they bring down the pay of some high income individuals in the meantime.
It has happened with every major advancement so far and I dont see why this one would go differently.