As an individual who leans Libertarian, my philosophy is if you are doing no harm to anyone, you are free to spend your money and efforts how ever you choose. As someone said, the super rich are so well insulated, that you will never be able to get close to them.
They are doing exactly what we would do if we were in their position. They may be the ultimate peppers. They people the next rung down, are clueless, and spending their vast wealth on frivolous homes and condos that are unsustainable in any kind of serious event.