I was going to give op the benefit of the doubt and assume they meant this post as a criticism of the ultra wealthy and their title was supposed to be "Billionaires:"
Would a counter example be enough to dispel this:
Climate change is a problem many of us face. But however much we reduce our impact, unless the really resource-rich start reducing wastage, it gets cancelled out.
And by those billionaires having a vested interest in maintaining income inequality (so people's desperation can be exploited) and class heirarchies (so they can maintain power).
The aristocracy is alive and well in the modern day.
