I think you're talking about a specific form of the larger problem. The very wealthy only know the world of the very wealthy. They know nothing, let alone care, about people who aren't "in the club".

Every worse, they -- like pretty much all of us -- tend to think that most people are just like them, so they think not only that they understand normal people, but that they are normal people. And the ones that don't either tend to think that their will should be imposed on the rest of us because we're too stupid to understand what's good for us and/or just view us as resources to be mined.