The Rich and Powerful VS the struggling poor.
The 1% we all hear about...
Your opening statement is about the economic "1%" - the wealthiest.
The rest of your post is about the intellectual "1%" - the smartest.
I don't see why there is necessarily a correlation between the two.
A whole hell of a lot of the "wealthiest" 1% inherited their wealth and are as dumb as gravel.
A whole hell of a lot of the "smartest" 1% have never had the opportunity, or the inclination, to turn that intelligence into massive wealth.
Seems like you are conflating two different groups. The overlap of the Venn diagram, I suspect, is quite small.