These are very long cycles and No guarantee they need be repeated
"..hand outs" is a bit cynical for example Not sure if a thinking person would be simply Satisfied "with a job". Especially, in the age of Mechanization and robots.
I don't think the gentleman advocating Monarchy Gave enough thought to the clock running (outt) On the commons/environs (despite his claim to Super Intelligence ;).
Although to be fair to his thought experiment History would be on the side of widespread suppression.