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Bob, I might suggest rewording this as "Marxist plutocracy."
I think the reason multi-billionaires adopt the apparently paradoxical position of socialism is that they believe this affords them the ability to CONTROL the rest of us.
To accomplish this they pander to criminals, grifters, sociopaths, deviants and others who would destroy the current society.
Maybe, judging by the Biden family, and the Clinton family, and the money lavished on deep state players like Comey, McCabe, Mueller, Vindman, etc., "kleptocracy" would be more descriptive of our current system.
Fine; it is not worth the discussion at this point. The ultra rich will be consumed in this Marxist upheaval just as they were in the Russian Revolution. To be clear, I think they have been deceived by the antichrist, but either way I will likely disappear before the truth is perceived by many.
We seem to be at another singularity in global politics, similar to the time when the American Revolution changed the way governments were formed and maintained. We are entering an age of fantasy, for lack of a better term, where many people choose to live in a reality of their own perception. Many others cannot accept that - and never the twain shall meet.
The Dems and their Pravda media (and the CCP?) have connected to that first group and it is questionable if those folk are reachable by the reasoning thought patterns of the second group. It will have to play out to a final conclusion.