Well, this is from the AEI, so no surprises here, but they completely omitted the largest problem with the accumulation of great wealth: concentration of power.

Well, this is from the AEI, so no surprises here, but they completely omitted the largest problem with the accumulation of great wealth: concentration of power. In our system, wealth is power and the wealthier you are, the more power you have. This is a Very Bad thing because it bypasses our societal controls meant to prevent that exact thing. The citizenry should decide who gets the power, not the happenstance of wealth. Also, I would argue, the sort of person who attains great wealth is the sort of person who prioritizes gaining wealth over almost everything else. That's exactly not the person who should have more influence over society.