[rayiner]

The key insight is that wealth that’s not spent has no effect on anyone else. It’s just a number on paper.

[skt5]

Wealth could be invested (impacts those borrowing), used on consumables (impacts businesses), or hidden under the mattress or equivalent (reduces the supply of money so acts deflationary).

I would argue that those 3 are the main downstream effects of having wealth -- and they all impact people at large enough values.

[Eddy_Viscosity2]

Would political contributions count as taxable spending?