I don't think ultra weathy are a bad thing if their results move society foward. As of right now it's very obvious they are mostly aligned mostly because how technology functions.

Easily agree regulation or different actions can be done to improve aspects but the raw progress is undeniable. I think our current regulation space is doing a decent job without killing ecobomic progress.

I see no other economic system driving as effeciently as heavily rewarding greed. You can't create the future by commitee.

California is a great model here. Maga hate it because of liberal policies, liberals hate it because the insane economic wealth generation. But if california attacks their wealthy and the engine that drives that watch it completely collapse the system.

If you hate the california model and the no regulation/tax republican model of US then I hard disagree. China roughly operates in the no regulation model and pulled 850M people out of poverty with a stupid weath divide and hyper elite but they are overall FAR better off now because of that greed alignment.

EU is another alternative and they are slowly moving to the edge of collapse. Mass tax/regulation AND no wealth generation.

Choose your poison but there's really no other magical alternative here.