okokok...I never studied economics (and always skipped the Finance section of newspapers), but I just developed the intuition that having the wealth of the country concentrated at a tiny class of people is bad for the economy as a whole.
Because
even if one person possess an awful lot of money (or wealth), and however extravagant its spending is, there is still a limit to how much it can spend*. So those money not spent is stagnant money, and somehow that is bad for the economy...
For the same amount of wealth spread to say 10 people, we have 10 people spending instead of 1. More spending, better economy.
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*You never heard of Investment izzit?!
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