I don't understand this logic, just existing means you genocide someone and it's illogical.
But (an important "but"), first, while resources are limited, there may be enough for all of the humanity (probably; at least that's what I think, maybe I'm wrong), so by using some resources to "just exist" you're not killing someone else because they still have some resources to just exist as well - so in terms of individuals this logic may, maybe, apply to billionaires but not to people who "just exist"; and second, it's not all that simple, and while there's some "grain of truth", the real world is a bit more complex.
Exactly what I think, personally.