That’s where I’m at. I’m a firm believer in capitalism as a conduit of creation, innovation, entrepreneurship, business-building, etc., so I’m also a firm believer in the ability to make immense amounts of money as an incentive to the above.
That said, I also think that wealth/assets/income above a certain high threshold (say, at a net worth or asset value of $1B) should be appropriately taxed at a high rate. There’s no earthly need or reason for any human being to have $1B+. It’s just not necessary. You can still live one of the most lavish lifestyles in the history of humanity on….several hundred million….all while getting the altruistic benefit of knowing that your immense wealth has made a major impact on society. This notion of billionaire assholes hoarding wealth and trying to destroy American democracy because they don’t want to pay taxes is, in my estimation, a relatively new phenomenon. Back in the day, comparative billionaires like Rockefeller, Carnegie, Morgan, etc. etc. gifted things like libraries, hospitals, educational institutions, etc. instead of, you know, trying to dismantle on American democracy and establishing a technofeudal state.
In my line of work, I work with HNW to UHNW folks on financial planning, wealth management, estate planning, philanthropic planning, etc. and am always surprised at how much more naturally generous are the folks with the seven figure and low eight figure NW’s are than the folks with the high-eight and nine figure net worths. Although I can share one feel-good anecdote about one guy I work with, who last year sold a biotechnology/pharmaceutical company he co-founded 20 years ago for $7B, and is now, by definition, a billionaire in his late 40’s (and fully retired, obviously). He’s got a house in Mexico and a house in Park City, and he and his family want to travel internationally a lot, but otherwise his mission for his money is to give the vast majority of it away in his lifetime.