Yes, you are reading too much into things. The ultrawealthy are supporting the current MAGA nonsense because they wish to permanently lock up the massive wealth transfer they've engineered over the past two decades, and the only way to do that is through a combination of nationalism, populism, and fascism.

Every part of the MAGA platform is a smokescreen of outrage, intended as cover for policies that favor the ultrawealthy.

An aware and motivated population legislates and taxes their way out of the establishment and perpetuation of dynasties; this has been done in the past.