If you take away rich people's money, other kinds of "insiders" will still pull the levers to enrich themselves and benefit their cronies at the expense of the

If you take away rich people's money, other kinds of "insiders" will still pull the levers to enrich themselves and benefit their cronies at the expense of the public well-being. The regulatory state, even if democratic, is fundamentally self-disregulating (as opposed to self-regulating).