Reducing the wealth of the ultra rich is not just about resource allocation. Its also about how much power a single person should have within the community they

Reducing the wealth of the ultra rich is not just about resource allocation. Its also about how much power a single person should have within the community they live in. With that kind of money people can buy off regulators, politicians, law enforcement, whole towns, financial intuitions , etc. You really don't want a person or group of people to have that much power over a community.