> > Would a redistribution of that wealth imply better living standards for everyone? > No. Why not? > The fabulously wealthy aren't spending their billions

> > Would a redistribution of that wealth imply better living standards for everyone? > No. Why not? > The fabulously wealthy aren't spending their billions on consumption. Naturally not, that would be impractical. However, their immense wealth affords them immense power in society and that is of concern. > You're mistaking wealth and captial for money. I see this repeated very often by people defending the ultra rich and never understood why they think it was a good reply. Especially in this case, as their point was some people barely scrape by while others have so much money it’s more than they can reasonably spend. Nothing they said indicated they were confused about the difference between money and wealth.