The word does have meaning. But underlying that meaning is a philosophy that there is an in group that should have power and many out groups from which power should be stripped. There is a long history of industrial leaders supporting fascist ideology.
Fascist political philosophy is about racial purity, militarism, autarky, and suppression of dissent through political violence. In fact, one of their methods of enacting such worldview was by appropriating the wealth of rich people to advance their own purposes.
Please educate yourself, it's free: https://en.wikipedia.org/wiki/Fascism
Maybe try it next time.
This is not plutarchy, the direction of control is going the other way.
"Corruption, but the other way around" doesn't exist.