[inflagranti]

This is the commonly assumed tension but I think it's a slightly false dichotomy.

The choices are not just between concentrating an obscene amount of money with individuals vs concentrating an obscene amount of money with a handful of bureaucrats.

Why have a system that allows so much money to be concentrated with any kind of entity in the first place and put everyone else at the mercy of their philanthropy? MHO handing all that money to the government instead of a billionaire class is just changing from private trickle-down economics to nationalised ones.

As soon as your having someone deal with billions of dollars a couple thousands become a rounding error and your local concerns become benign, small picture issue. But for you having that 3000 available to finally fix that pothole on your street is critical.

Worker co-ops, taxes on municipal level and wealth taxes might be ways to prevent extreme concentration with any entity.