@gpilz Look at the history of the wealth and income inequality in the US and you’ll see why this is that bad now.
And you may be interested in the article:
https://www.draketo.de/licht/politik/zu-grosse-vermoegensungleichheit-zerstoert-jede-demokratie
(German, no official translation — sorry for that — but the google translate version is readable: https://www-draketo-de.translate.goog/licht/politik/zu-grosse-vermoegensungleichheit-zerstoert-jede-demokratie?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=de )