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.
Ideally the FDA should not be swayed by business interests, but everything controlled by our government is. That said, you want the FDA to exist and protect us from bullshit snake oil products and keep corporations from lacing our food with cheap poisons and carcinogens.
Trump gutting the organization makes it go from “could do better” to “actively subverting its own purpose.”