Just as the prevalence of billionaires provided a 'heat shield' for millionaires by making them seem less extreme, the emergence of trillionaires will make the billionaire class a less potent target for political and social outrage. Public perception of wealth is relative, not absolute.

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Policies that pump financial markets disproportionately benefit asset holders, widening the wealth gap and fueling social angst. As a result, the mega-cap tech companies symbolizing this inequality are becoming prime targets for populist politicians seeking to channel public anger for electoral gain.

Extreme wealth creates a dangerous societal rift not just through inequality, but by allowing the ultra-rich to opt out of public systems. They have their own concierge healthcare, private transportation, and elite schools, making them immune to and ignorant of the struggles faced by the other 99.9%, which fuels populist anger.

The quest for financial security often becomes an endless pursuit where the goalpost for "enough" constantly shifts. A billionaire felt poor because he wasn't Bill Gates, illustrating that without a clear, predetermined stopping point, the accumulation of money can become a corrosive end in itself.

The super-rich lose empathy not necessarily because they are bad people, but because their lifestyle systematically isolates them from common experiences. With private airports, healthcare, and schools, they no longer participate in or understand the struggles of mainstream society. This segregation creates a fundamental disconnect that impacts their worldview and political influence.

The distorted perception of one's financial health, or 'money dysmorphia,' is not exclusive to the financially insecure. A significant portion of Americans earning over $100k annually do not consider themselves wealthy, revealing a stark disconnect between financial reality and perception fueled by online comparisons to extreme wealth.

As the first trillionaires emerge, they will absorb the public and political scrutiny currently aimed at billionaires. This dynamic will effectively normalize billionaire status, much like the rise of billionaires made millionaires seem more commonplace and less of a target for criticism over wealth inequality.

The focus of billionaire philanthropy has shifted from building physical public works (like libraries) to funding NGOs and initiatives that aim to fundamentally restructure society, politics, and culture according to their ideological visions.

For the extremely wealthy, true luxury isn't material possessions but anonymity. By intentionally scrubbing their public presence, families can avoid the transactional relationships and emotional stunting that fame brings. This allows them and their children to be treated as normal people, a benefit that is nearly impossible to buy.

Beyond a certain threshold, net worth can stop providing happiness and become a social burden. When friends, family, and the community become aware of one's wealth, their expectations change, creating social pressures and liabilities that can outweigh the financial benefits and diminish overall well-being.

The widening gap between the economic fortunes of the rich and the middle class is eroding faith in capitalism across the political spectrum. This sentiment is no longer confined to the left, as Republican pollsters find their own focus groups expressing deep skepticism of big business, mirroring progressive talking points and signaling a broad political realignment.

The Rise of Trillionaires Will Socially Normalize Billionaires, Shifting Public Scrutiny Upwards | RiffOn