It’s okay to be rich. America is designed to not only allow it but encourages it. A capitalist economy is the perfect system to reward ingenuity, inspiration, hard work, and dedication. In an ideal world. And without that “carrot”, we may not have many of the inventions making life easier and safer.

In a less-than-ideal world, however, it is the perfect place for greed and injustice to run amok, unfettered, destructive, and cruel. Think of a herd* of cute, rabid bunnies who have genetically developed to the size of Elmer Fudd. He used to call them “wascally wabbits” in the old days…when they were cute and small.

Baffling, related, but incomprehensible sidebar: The Board of Directors of Tesla have offered Elon Musk a potential (and complicated) compensation plan worth $1 TRILLION(sic).

In a macro (large) economic system, general rules apply like the relationship between supply and demand: too much demand for goods with too little supply of goods means whoever has that “supply” can raise their prices and make more money. Manufacturers, investors, consumers, the government, me, we all used to rely on this one, basic, fundamental rule. There are many more complicated rules concerning pools of money, interest rates, taxes, the size of several types of debts, and blah blah blah. It’s also enlightening to understand the costs of things, where they come from, and how long they last. At least it used to be.

In 2024 there were 23.8 “million millionaires” in the America, or 460,000 per state. We had 813 Billionaires, a record, in 2024.

In 1960 we had 306 millionaires and fewer than 10 billionaires. When America was Great, originally.

If we ignore the crippling concept of Gross Materialism** and simply focus on the amassing of wealth, what is the problem? In a real, free capitalist system, we tend to pay a price for an object determined by “what the market will bear” as long as it more than the cost of the product. (Again, an economic process simplified for this post.) The “market”, a micro system, is us: you and me. Normal people. Average Joes and Janes with “normal” pools of money. What do you think happens when millionaires’ pools of money becomes part of this micro “market”? Can millionaires “bear” to pay more than Joe or Jane?

Our economic system generates 400,000 new millionaires, or 8,000 new ones per state, yearly. That’s a lot of “money” capable of “flooding” markets with millionaires’ dollars instead of Jane or Joes. No judgement, here, but how many millionaires really care about efficient, cost effective, market-driven pricing? Yes, some do, but most don’t. If Jane and a millionaire wanted the same car, or the same house, whose offer would the seller accept? It’s a question of not only “demand” in the market, but also the available “pool” of money in that market, and the desire of all sides to be treated fairly and economically “equal”. To wit: who is in better position to pay what the seller wants, even if it is too much? Jane or the Millionaire? Imagine if you were the seller…who’s your best bet to pay the highest price?

This scenario has “trickled down” to communities in America where Janes and Joes who research and buy responsibly are being priced out of purchasing, or at last are forced to make purchases at higher prices in a competitive situation. It is evident in housing markets and subtly infecting grocery, gas, and living essentials markets. And try buying a ticket to a professional sports game.

There is nothing legally wrong with this trend. And it is only a problem if you are not one of the existing or new millionaires living in your area. America’s current birth rate is 3.6 million new Janes and Joes per year, so do the math.

It will be a huge problem soon because as the rich “strata” grows larger it sucks all the “value” out of the “poor” first, then the lower middle class, then the real middle class, then the upper middle class until every American will be one of only two classes: very poor or very rich. Eventually, even being a millionaire won’t be rich, enough.

There are many other factors in play: inflation, regulation, wealth transfer, taxes, the end of the world, history…but can we just let this “stratification” happen? Is it already too late? Who cares?

Prediction from an older post: Rich enclaves will return to a feudal society with the Lord and Master ruling over servant’s, vassals, slaves…all of whom will be well-paid but with no place—or time–to spend the money.

Ran out of room, here, but think about how much a professional athlete gets paid, then ask the same of your teacher, fireman, policeman, or doctor.

Anyone miss the days of 10 cent cheeseburgers and 15 cents a gallon gas? Make America Cheap Again. Please.

*Yes, a bunch of rabbits is a “herd”. Conjures up a strange image of cowboy rabbit drives in the old west. Rabbitboys, then, out on the range? Wascals.

**Google it. I dare you.