No. What will happen is the rich will surround themselves with more security and will have a legitimate reason to be more aggressive towards who they consider a menace. If you want to change society, get involved in politics, involve those who think like you, and be patient.
That historically works out great for the oppressed hungry masses with nothing to lose.
It kinda does. The New Deal, minimum wage laws, education reforms in many countries in the 60s are a few examples that come to mind. But now your turn: when has a violent revolution been beneficial to the oppressed masses in the last two centuries?
Yeah they will, but they won’t stop either way. You have to kill them all. There is no functional society with billionaires in it.
If your idea of a functional society is one where all billionaires have been killed, I wouldn’t call it functional.