You are setting up a false dichotomy: you claim the only two choices are rule by elites vs rule by non-elites. What I spelled out was a half way position -- bolstering the strength of the non-elites and weakening the grip elites have on power.

Of course it is difficult to manage precisely because most people with $1B will kick and scream if their wealth is reduced to $900M. But in theory that is what voting can help accomplish, and social movements to help people realize what they are giving up by voting into office people who despise unions and who complain that their 15% tax burden while collecting millions is too much.