silicon valley ubi

I note that a number of these Silicon Valley titans are in favor of UBI-- a  universal basic income. It strikes me that these people have a very high level of a certain type of intelligence-- mathematical/logical ability-- but that they're not particularly politically sophisticated. These people are the intellectual One Percent, or even the One Tenth of One Percent, and they simply don't understand 'ordinary people.' My guess is that they basically consider the vast mass of humanity as low-grade ore who will eventually be replaced by robots or algorithms of some sort. So their idea is just to buy these folks off in the hope that after a while they'll see the handwriting on the wall and simply stop reproducing.