Why? Those with wealth have typically earned it by creating value for others and getting paid for it. That money is theirs to spend as they see fit. Why should

Why? Those with wealth have typically earned it by creating value for others and getting paid for it. That money is theirs to spend as they see fit. Why should society intervene and have a say in what they earned through voluntary transactions? That seems unjust and arbitrary to me. Moreover there is no reason to believe that a democratic process will produce better outcomes than alternative (technocratic?) processes. The public is poorly informed, manipulable, and their sentiments aren’t optimal.