One of the things the right wing (especially the religious right) in the US does far better than any other groups is to claim lofty egalitarian or noble-minded principals while not applying them to themselves.
But if we throw that out, and want to embrace the cynicism, why lean to "let's just anoint the rich" over "let's more aggressively limit them"?
After all, we know disruption and innovation rarely comes from big incumbents. Tax the shit out of them and turn that into funding and options for the rest.
EDIT: there's a good tie-in there, actually - make it legible, that makes it easier to regulate and tax! ... Except I'm struggling to see why the elites would actually want that if it's not about formalizing and ENHANCING their power. So that seems like the real motive, here.