I disagree. I grew up poor and white, I was the "victim" of AA once, I come from exactly the demographic that racist demagogues play to, and I still disagree. Just as the original systemic discrimination has uneven effect (on both sides), so does AA. The beneficiaries of AA as it has existed in the US are not particularly likely to be privileged. In fact it really is a bit of the opposite, because it's much easier to skirt AA in professions requiring high levels of education and specialization. It mostly has its effect at the lower end of the economic spectrum, in jobs that even those who have been shortchanged by the educational system can do.

Do some rich minorities benefit from AA? Do some poor white people get the shaft as a result? Oh, I do know about that, and it sucks mightily. From what I can tell it's quite possible that India's reservation system is even worse. But that doesn't mean AA must fail. Flaws in a specific implementation of an idea do not necessarily refute the idea itself. The US version of AA, for all its many and great flaws, still seems net positive and a valid part of addressing systemic discrimination.