The thing about elitists is that they don’t think the negative aspects of Marxism will be applied to them. And in many cases, that has been true. While the masses suffer under Communism, the elitists often get to live the lifestyles of the rich and the famous.
We can hope that they bump up the tax rate on high earner up to truly insane, think France, levels but even then, they don’t really hurt. Not like “can’t pay my mortgage” hurt.