[3finmunchousen]

Funny you should say that https://www.epi.org/productivity-pay-gap/

While there is certainly the naive view that we just take the money and spend it, the more serious view is that extreme wealth concentration is indicative of inefficiencies and rent seeking.

Wealth beyond some level becomes irrelevant with regard to lifestyle but not with regard to political power. It's mine and others contention that the outsized power billionaires wield results in a poorly organized society that overvalues their interests and neglects the needs and potential of the masses.

For example https://en.m.wikipedia.org/wiki/Rudy_Kurniawan

If the average person buys an old used car and it blows up - tough shit, buyer beware. However, if you and your billionaire friends spend outlandishly on wine and both you and the auction house fail to take steps to verify that the wines are genuine - we'll literally make a federal case out of it.

Personally, I'm annoyed that a Koch brother can call up the FBI about the rich person version of being sold oregano instead of weed and not get howling laughter as a response.