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The first bit is right, but the goal is not to make everyone richer. It's to make themselves richer off the labor of everyone else, who can live a short miserable life of impoverished servitude and die young. They don't want to pay for the sick and elderly because they see those people as worthless since they can't contribute to making the billionaires more profit. And at the bottom of it is the idea that life is a competition with winners (the rich) who deserve to win and losers (everyone else) who deserve to lose, and the purpose of life is money and power.
They think the poor are poor because they didn't work hard enough. They think the sick are sick because they didn't work hard enough to get medical care. They think elderly that can't take care of themselves didn't work hard enough for their retirement. See everyone can be rich if they just worked. It worked for them (cough) so obviously everyone else didn't work hard enough.