But it’s not productive wealth is it? It’s just stock. It’s Locked up value that he hordes like a dragon. That money isn’t actually being used to generate anyth

But it’s not productive wealth is it? It’s just stock. It’s Locked up value that he hordes like a dragon. That money isn’t actually being used to generate anything. Even when it is spent, it’s just financial products that generate money through financial transactions instead of actual goods and services. This has been the case since the 1980s when capital gains started being taxed below income, and the carried interest loophole was created. In fact, this is a well known economic phenomenon. Some would go as far as to say that it is an intentional outcome of the policy. In the end, the problem with Bezos and the rest of the oligarchs is the same problem with monopolies, it’s a command economy. Only instead of being dictated by some unelected government bureaucrats in a totalitarian state, it’s a a bunch unelected rich dudes with dreams of a totalitarian state. It’s an unhealthy economy.