Instead of using robots to replace menial jobs and help humans who have physical labour jobs, they've invented a tool that will get rid of all white collar jobs, forcing us all into manual, low paid labour jobs.
Taxes will fall off a cliff and life will get really bad because the state won't have money to maintain the country. Companies making Ai content won't be able to sell it because no one can has money to buy it. In general all product sales will fall off a cliff, except for food, and many companies will close, resulting in mass unemployment and eventually collapse of society .....
That's assuming they have that goal. The goal of survival and reproduction exists because of natural selection (those that don't have that goal simply don't make it into the next generation, when competing against those that do).
But that doesn't necessarily apply to AI systems. At least while humans have a say in which systems survive and get developed further, and which ones get scrapped. When humans control the resources, the best way to get a sizable allocation of them is by being useful to humans (or at least making them believe that).
We already do know where the wealth is and we aren’t taxing it. I think we know the answer to that question. Systems are only still functioning because there’s a dribble of tax revenue that still comes in. But we are already seeing schools lose funding and roads crumble as tax revenue hasn’t grown as fast as costs or populations. I don’t think it’s going to get better, because you have to be rich or have rich allies to get elected, so I don’t know how we could create different tax laws.