Depends on whether you're one of the special people, and whether you believe in objective truth. Objective truth demands objective morality ; special classes demand subjective morals. But you can look past all that if you're in the 1 part of the 1:30k ratio.

Can it not be both that a "special" group is comprised of people that are objectively more qualified for that role? We are all equal but our choices and actions are what distinguish us from the other. An emperor is subject to those they rule in theory at least. With unrest comes an unstable foundation.