That's the crux of it. Their ideal society is the plebs who will own nothing and be trapped within "smart cities" where their every movement will be closely controlled. You will have no privacy and be under the watchful eye of your betters. You won't own a car. Hell, you won't even own a bicycle, since everything, down to the clothing on your back will be on a subscription basis. You will not be allowed to leave the city without the permission of your betters. You will live in the pod that you will not own with twenty other strangers. You will eat the bugs. Your sole purpose in life will be to work, rent, eat the bugs, shit the bugs, and sleep, only to repeat this every day for the rest of your pleb life.
This vision of theirs is terrifying. It's also bound to fail.