Eh, 1% includes like 80 million people globally, they’re not all useless billionaires. There are probably a good number of them (likely towards the lower end of the spectrum) that actually work for a living and enough existing resources they’d have time to rework society.
The real question I have is how they’d be distributed. 1% globally or 1% per country/region. Both have advantages and disadvantages for survival.
Hear hear. This has Ankh Morpork written all over it.