You've literally reversed the meaning of the term "progressive" by replacing it with the meaning of the term "oligarchic".
Progressives argue for less invasion by government in our personal lives, and less unequal distribution of wealth and power. They are specifically opposed to power being delivered to a ruling class.
> The problem isn't the money. The problem is the power
These are nearly inseparable in current (and frankly most past) societies. Pretending that they are not is a way of avoiding practical solutions to the problem of the distribution of power.