Some suggestions for naming this, depending on how you organize ownership, redistribution, who gets to decide what you need: paternalism, welfare capitalism, neo-feudalism, technofeudalism, welfare state, social democracy, UBI-and-oligarchy, oligarchy, plutocracy.

We are already in a position where we could house and feed everyone, but we choose not to do so. Instead a few own almost everything, money gets spend on killing people, instead of feeding them.

If we choose not to do it now, i don't see how we can make UBI work in the future.