It won't help , because all around the world govenrments consist of corrupt,selfish,greedy individuals.
These people does not value humans like lower classes do. They will find out how to fill their coffers,not pass this money to children or roads.
I would advise these 1%ers put their money in restoration of feudalism. When these people will become enlightened monarchs, they could change world, something democracy (rather oligarchy) failed to achieve. Neo-feudal society under planetary God-Empreror would be ideal.
I am not naive and I have learned history about abuse of indentured servants in the past. On the other hand - at least here peasant had to pay 10% to the church and 10% to the baron land owner. Compare it with >50% taken by out "democratic" government, which stomp little people into the ground even more than feudal lords did..
P.S. I have witnessed socialism personally ( I grew up in USSR ) so I do not believe in socialist StarTrek style paradise , sorry...