First… yes, as far as it goes. That said there’s some problems with it on the whole.

Keep in mind, this is a thought terminating cliche saying by Vulcans to explain “the logic” of self sacrifice.

The thing about logic is it can be used to justify all sorts of horrific things. (For example, the us nuking of Hiroshima and Nagasaki.)

It’s also important to note that, in general, I don’t really disagree with it here. That doesn’t make it any less of a cliche or problematic when applied to things like social policy.

Consider Maslow’s Hierarchy of Needs. Some needs are themselves more weighty than others.

that guy’s need to get to work on time doesn’t outweigh my need to dress safely, even if there’s a dozen of them behind me- and never will.

Similarly, if the needs of the many (say, to feel safe) are juxtaposed against the few, whose need is to stay alive…. The needs of the few outweigh the many. One might say “but that doesn’t happen”… but we do. All the time.

Right now, the most extreme example are all the people that defend Israel’s right to genocide by insisting that Israel has a right to defend itself.

That said. Billionaires don’t need to make money. And they don’t even need to exist, for that matter.