There's a risk of "dragon sickness" (from The Hobbit) and conflating one's self-worth with their financial value; I feel for these folks, and support regulation that would make it increasingly difficult to amass money beyond a certain point (basic needs being well met and all that), along with psychological help (not in a pejorative way- I am a beneficiary of therapy and medication and I don't feel lesser for it).

Generally agree. Had the same thought. However, related to this comment and @fragmede's response, is that wealth is strong correlated in human society with power, influence, celebrity ... and more wealth.

People quite literally just hand money to people who already have money. I have sat in a room, and watched someone nearby check their phone and say "There's a minor wealthy celebrity nearby! We all need to go and buy tickets to the stadium! We might see or meet them!"

I went to Dragon Con a few years ago, and people were willing to stand in line all Dragon Con, their entire weekend experience, to see a wealthy famous person. I'd go play games, go out, and see the people move in the line slightly. All weekend. Stretched all the way around the entire block and down the street. Wasn't even "that" famous (supporting movie character).

Use it to give people jobs. Open up restaurants and build schools and hospitals. Help friends start their own businesses, stimulate the economy. Tony Hseih, RIP, didn't have a private air force, but he made downtown Vegas. Someone's already started an electric car company, and built a rocket company to go to Mars, so that's been done, but there's just so much out there. Rhianna's got her clothing line for people who aren't models. Cars and houses are boring.

Keeping your money invested in stocks is exactly the same as what you are describing.

Haha, missing the /s tag, nearly fell for it.