Hoarding slows down the economy and creates dynasties who continue to excercise power well past the time their judgement on the stewardship of money and social good has been incapacitated. That is what death taxes are for. Luxury however is awesome - it is one of the fastest ways to transfer wealth from the incapacitated hoarders to publicly owned companies which then feed retirement savings (unless you're like a certain luxury brand dynasty and want to keep your money by tricking the tax system upon death). Oops.
Politics is a zero sum game - at the end of the day everyone is pulling the rug in their own direction. The poor do it by voting in populist politicians, the rich by paying off those politicians through lobbying, or gaming the tax system.
What everyone needs is an economic model that maximizes the wellbeing of society as a whole, so the pie at least gets bigger as it gets redistributed. That, and a political model that prevents any single group from pulling the rug completely out and causing war.
Politics is a zero sum game - at the end of the day everyone is pulling the rug in their own direction. The poor do it by voting in populist politicians, the rich by paying off those politicians through lobbying, or gaming the tax system.
What everyone needs is an economic model that maximizes the wellbeing of society as a whole, so the pie at least gets bigger as it gets redistributed. That, and a political model that prevents any single group from pulling the rug completely out and causing war.