Lumifer comments on Open Thread, January 4-10, 2016 - Less Wrong Discussion
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I disagree. As I mentioned, they did live better (more comfortably, higher consumption) than the peons, but not to the degree that I would call "rich". I don't believe that critics of communist regimes, both internal and external, called the party bosses "rich" either. For comparison, consider, say, corrupt South/Central American dictatorships.
Things have changed, of course. Putin is very rich.
You are worried about power, not wealth.
It's true that wealth can be converted to power -- sometimes, to some degree, at some conversion rate. But if you actually want power, the straightforward way is attempt to acquire more power directly.
There is also the inverse worry: if no individuals have power, who does? Is it good for individuals to have no power, to be cogs/slaves/sheep?