All this money that is aping into an ai gold rush could have been taxed to fund schools and other broadly useful things. I'm very much a free market capitalist

All this money that is aping into an ai gold rush could have been taxed to fund schools and other broadly useful things. I'm very much a free market capitalist, but seeing all vcs ape into ai at the same time does not make me think there is value in have so many super rich people in the world. I hate it when discussion devolves into high taxation vs low taxation or high regulation vs low regulation. There must be a thing such as the appropriate type of taxation and the appropriate type of regulation. And that depends on what we want as a society. Do we want a big class of super rich that don't know what to do with their money so they squander it on an ai gold rush? Or do we want to tax them so we can put that money to use that we all benefit from?