> Most billionaires appear to have most of their wealth in the form of stocks in a company they run. That's a lot worse. Owning stocks means having control ove

> Most billionaires appear to have most of their wealth in the form of stocks in a company they run. That's a lot worse. Owning stocks means having control over a company and thus power. One unelected person having so much more power than others is incompatible with democracy. A Scrooge McDuck style gold pile, in contrast, would make gold slightly more expensive but wouldn't influence the economy otherwise.