This is a very good point. If we extend this to the extreme, lets say only 1 person has 99% of the wealth. The whole economic system will only produce goods tha

This is a very good point. If we extend this to the extreme, lets say only 1 person has 99% of the wealth. The whole economic system will only produce goods that are required by that 1 person and their close associates. Historically, that was a monarch and that led to things like French revolution. I think the US needs one now.