Don't you think , Set in Question is not perfect example for Russel's paradox.
OR is that what Russel's Paradox is all about

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Imperfect example for Bad example is always a Bad example for Bad example.
OR
Perfect example for Bad example is always Good example for Bad example !!very confusing thought.

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Now, can there exist a person who can be self respectful without holding respect to others who don't deserve it.Yes, can be the answer.
In today's philosophical world , Self respect means holding respect for his own dignity , and Equality means holding respect for all despite of all odds.This kind of definition is what has created paradox in our today's democracy.
How can your class stay educated, when you give consideration for Uneducated class identity.The educated class will loose its identity called : Educated class.
Moderation is really necessary in definition.
Number theory as an example on set theory,bit confusing always.most of them avoid that habit.(just a suggestion)