No one has the right to say how much money another person can have, as long as said person accumulated their wealth via honest means.
Lots of people don't understand how Capitalism works. They confuse it with ancient times, when feudal lords would literally appropriate wealth and resources from the people they ruled over, using force. Back then, wealth was a static commodity and could only be taken from other people at their expense (mostly).
In our time, the free market (loosely speaking, without all the government interventions and what not) allows individuals to offer products and services that they invented, discovered or innovated, and let the market decide how well they do. Bill Gates came up with Windows after a lot of hard work and effort. There are billions of people who can operate a computer, but there are only a handful of people like Bill Gates who can come up with the product that the billions use. Humanity rests on the shoulders of these handful of giants who advanced us as a species by their ingenuity and creations / discoveries.
You don't have the right to say, "But no one needs that much money" - it's not your place to decide how much money another person should have, nor what they ought to do with it, no matter how noble you think your intentions are or how worthy the cause you're advocating for. You can think of many ways you can employ that hoarded wealth to improve the world, like fund research to cure diseases or feed people starving from poverty? Do it with YOUR own money - that's the only thing you have rights and a say over.
Millionaires and Billionaires should absolutely exist - they help economies progress by investing money into new ventures, risking their capital. Sure, there are bad ones among them who are selfish and maybe loath less fortunate people, but that's their problem, not a license for a greedy looter to appropriate their wealth under the excuse of having a noble intention.
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