So I'd say no, it's not really a counter. There is something else, something intrinsic in our society, that causes the existence of the wealthy. Or "inequality" as others like to call it.
Ah yes, and modern constitutions and democracies came to be from goodnes of old aristrocratic hearts!
Events like french revolution were key drivers of reforms that brought around the modern democracy. While they weren't as bloody outside of France, they certanly did influence movements in other countries across Europe and forced their absolutists to accept the necessity of a parliament to curb their powers.
Even IF new wealthy people took the positions, they end result for general population was an improvement of living conditions.
