It doesn't have to take all the jobs. If it can take most of the fake jobs we've invented over the years, it will be massively destructive to our way of life. It seems to already have that level of capability.
Funny that you assume education will lead to some sort of egalitarian society. What do you think the point of modern education is? We all take the course in evolution and natural selection, whether we want to or not. We all study history. We all fraternize and learn the little political games or we drop out. Some of us recieve a degree in hard knocks. Why shouldn't the educated be more cutthroat than the rest of us?
I think their point is that by giving the gov control of monetary policy, you give the executive branch access to an unrestricted lever of taxation. They support "normal" taxation because they are easier to control than inflation