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It's a laundering scheme all the way down.
Money is taken out of your and my hands by taxes, shaken up a little bit, and then funneled into banks, international corporations, and the military industrial complex with zero oversight by the billions. The left is correct about billionaires, but not for the right reasons, and their focus is massively scattered into being more upset about their neighbors that do slightly better than them instead of the people in castles.