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Yes, though with a feudal system mixed in.
Corporations and wealthy individuals will be the sole property-owners and will play the roles of feudal lords, and the people will be serfs, allowed to live on the lords' estates only if they serve the lords.
Since homelessness will be criminalized while all property will be owned by the feudal lords, those who won't serve the lords "willingly" will be imprisoned, and yes, they will then be slaves.
One of the various conservative thoughts is to make large swathes of US territory governed by corporations and billionaires. Basically, non-state zones subject to rules set by non-state systems.
Surprise! They're trying to make feudal / monarchy systems. Welcome to bring peasants again, fellow peasants.
The underlying foundation of conservative thoughts was, and is, to uphold a hierarchy that supports a monarchy. It has been from day 1. The American Revolution was a war against conservatism.
I think one of the most concise ways to conceptualize the current conservative project is that they looked at the French Revolution and the collapse of the Ancien Regime and drew the wrong conclusions.
Rather than seeing it as the inevitable result of the systemstic oppression of the majority for the obscene privilege of a select few, they see it as a failure of the select few to sufficiently protect their privilege. And their goal is to recreate the conditions of the Ancien Regime, but this time around to prevent the peasants from successfully rebelling.
Weird how the conservative fear of "FEMA camps" was just them drooling about using them to put anyone that looks too brown in.
It'll be different depending on the skin color. The darker the skin, the shorter the road to slavery and skipping the feudal system.