As long as the state maintains power and control with the threat of violence I don’t see a world where your average citizen has the same quality of life as the billionaire class simply because the wealthy have more power and influence.
If I want to influence policy I need to get a lot of like minded people via grassroots means to have enough say to get my direct elected representatives to consider a policy. If the billionaire class wants to influence policy they will talk about it with elected officials over golf.
Worst case scenario the wealthy can spend money to gain foreign citizenship and move. Your average citizen is mostly stuck with whatever government and laws exist in their current country.