And I might add maybe not the happiest people either. They could have everything they want yet they don’t always seem all that happy. Elon Musk for example doesn’t seem much happier than the average person, maybe even less so (depends on who you’re comparing against of course).
It’s impossible to earn that much money, but at some point it’s also impossible to hold or spend. Banks can only take so much safely, so it needs to be placed in companies and investments that require some management and all the consequences and responsibility of running those. Spending it is problematic because it will disrupt whatever market it is injected to, potentially harming a lot of people.
The only real solution is to avoid billionaires in the first place by taxing corporations much much harder.
I’ve never seen it from this perspective before. From this perspective, it makes even more sense to place regulations in order to avoid such circumstances.
It gets me thinking of what methods (on top of taxing megacorps appropriately) we could implement to achieve a narrower wage gap while avoiding the corrupt type of communism.