Earlier quoted context omitted.
If you get access to singularity level AGI you would have no incentive to cooperate with other people and a strong incentive in preventing others accessing it. Society is a result of cooperation outperforming individuals. With AGI others are just a risk factor. "Open"AI is already beginning to exhibit this.
Say you get access to a singularity-level AGI, meaning you have the power to render the entire human economy completely irrelevant. Given any task, no matter how big, small, novel, complex, simple or mundane, it's vastly more cost-effective to have your AGI to do it than to pay humans. Do you really want to accumulate incomprehensible material wealth for yourself, whatever "wealth" means in this scenario where money…
That doesn't work well in reality because we do relative comparisons not absolute, so not all humans can be better than average.
And without competition we stagnate, there must be incentives to compete and take risks, and thus not everyone can be equally actualised, our level depends on our previous decisions.