For those confused, they meet in Grand Hotel on Mackinac Island, which is an inhabited island in the Great Lakes and a tourist location. Not some random uninhabited island in the Pacific.

See also Sun Valley, and Bohemian Grove.

Smells like oligarchy.

Yeah, title may as well say they meet up in a scenic tourist destination

Mackinac is a pretty good island tbh, it's car-free (only emergency vehicles can drive there). Most bicycle there, or walk.

Michigan hmm? Smells like amway

Sure, it's never just been the most powerful/richest people in the world who meet up go hang out together and rape kids. They all have smaller gatherings more local to each of them with the most powerful/rich people of their section of the globe, and then the people from those have their own meetings with the most powerful in an even smaller geographical region.

The echelons of society. Even the most powerful/rich people in a given state or country might not be in the that category for the world, but they still want to meet with others they consider better than the general riff-raff of the world and to rape children.