Both Bay and Psycho Pass are terrible, but Bay is at least doesn't pretend to be anything he's not.
The problem is that the show doesn't do anything to actually justify it in any way. The cornerstones of quality dystopian fiction are thinking through what the implications of the various elements of the society would be (generally with some strong world building) as well as using the 'horrible dystopian future' to comment on present day society (for example, a work which has a future in which people are basically treated as a disposable work force by a corporate run government is commenting on how that's an increasing problem in modern day society. This is a pretty simple example, but I think it proves the point well enough). Psycho Pass doesn't do any of that (unless the show suddenly got way better after I stopped watching it.
There's no consideration put into how the Sybil system came to be, what the real implications of it would be on a society as well as the attitudes of the people who lived there (the people in Psycho Pass basically just feel like modern day humans who happen to live in a horrible dystopian world with some crazy system rather than people who were born and raised in that society), or how it would really change people's lives. The show feels less like anyone working on it had anything dramatic to say about society, the government, capitalism, or even the treatment of criminals by modern day society (something that should have been almost impossible not to comment on given the premise), and instead just feels like a bunch of the staff thought that various futuristic dystopian works looked 'cool' and wanted to make something like them without any understanding of how they worked.
For a much better anime example of how to do a story in a dystopian future, see From the New World. There's clearly been a huge amount of thought put into how the society came to be, what the motivations of the people in charge would be, what the pros and cons are for everyone living in it, and what the attitudes of characters who grew up in such a society would be. The characters don't feel at all like modern day humans. The show also manages to have a lot to say on various subjects such as slavery, institutionalized racism, the role of public education, the treatment of children who are deemed to be of lower intelligence, and much more. And it's never coming across as preachy when it does any of those things.
