I HAVE ANOTHER TAKE

Paul Krugman has a hypothesis about why the Masters of the Universe seem to be princelings from the ancien regime:

Well, I have a theory. When you have that much money, what is it you’re trying to buy by making even more? You already have the multiple big houses, the servants, the private jet. What you really want now is adulation; you want the world to bow before your success. And so the thought that people in the media, in Congress and even in the White House are saying critical things about people like you drives you wild.

I think they have gotten used to being treated as extraordinary in their daily lives so they wonder why the broader population doesn't recognize their "obvious" qualities.