Around the time I signed up for this site, I thought the same as you. 10 years and a couple of successful startups later - perspectives change. I don't know if I'd actually unironically call myself "elite" but we need
some name, right?
The fact is there's a large number of very, very capable people out there who probably don't need to work for anyone else again if they don't want to. But they get jobs anyway because that's just the kind of people they are. I know quite a few of these people. This essay is a CTA to them.
Give it a few years and you might find yourself in the exact same boat.
And in case you hadn't realised, this whole site is the poster child for a "privileged elite" deciding the world needed something and just going and making it, and thank the gods he did.