Forgive the lateness of my reply; something came up while I was composing it and I was forced to delay its completion by several hours
your tacit defense of the super-rich is subject to question.
The accumulation of wealth in itself harms noone.
Specifically, your assertion that those who seek to limit the accumulation of excessive personal assets are motivated by envy is specious at best.
Discussions on this forum and the flavour of American political discourse make it evident that such is oft the case.
Within the past three decades the distribution of wealth in America has reached the point where 90% of the Nation's wealth resources have come under the control of 2% of the population, a situation which hasn't existed since the 1920s and which brought about the Great Depression by suppressing the buying power of the economic underclass.
I refer you to my posts regarding outsourcing and my calls for ban on imported goods not certified sweat-free or failing to meet American environmental and safety standards. What you describe is, I believe, a symptom of capitalism and the power of corporate bodies to operate transnationally and undermine the socialist progress made in the West by circumventing the power of the People as manifest in the authority and might of the nation-state. This has enabled them to operate worldwide to exploit the proletariat where they have not achieved representative government or protections from capitalist exploitation while the middle class which rose with earlier reforms in the United States has found itself facing a declining real income and growing unemployment as the reactionary elements in congress (most of them Republicans) have urged them to return to the sweat shops to compete in the 'global labour market'. These reactionaries raise the banner of the bourgeoisie and exploitation while chanting that the common man is responsible for this decline in his standard of living for being 'greedy' and demanding a decent standard of living. These reactionary elements are waging a successful class war against the common man and destroying the nation in the progress. While the system is not sustainable, since they will ultimately exterminate the middle class which constitutes the market demand for the goods goods and services they bring to market, this is not a problem in their eyes for several reasons:
1)They continue to amass enough wealth to ensure they can 'ride out' the ensuing chaos
2)They can continue to manipulate the world's nation-states to allow the rise of a new consumer class as another is undermined and returns to the sweatshops
3)These trends take a long time to play out, which makes it improbable many of those who act today will be alive to suffer the long-term socio-political and historical effects of this class war
The cause of this disparity has been the sequential elimination of regulations which heretofore had effectively prevented the excessive accumulation of wealth via devious manipulation of the System.
We must define what constitutes 'excessive wealth accumulation'. I posit that 'excessive wealth accumulation' is not the problem. Rather, the problem is grossly disproportionate wealth concentration, which is problematic because it inherently leads, even in cases where the demand for a decent standard of living for all persons is satisfied, to sociopolitical inequality between the wealthy- who have always been the ruling class due to their ability to manipulate governments and control armies- and the less wealthy, who become subjects of the former. When this occurs, then- as you can see- the demand for socioeconomic parity amongst all persons is not satisfied, and the society cannot be said to be a good and just society. There comes the need for reforms to combat the exploitation and tyranny which have always followed in history- regardless of the political dressings of the society in question.
Your use of the term, rightfully earned, implies parity between the individual who labors to draw a wage, or spends seven days a week growing a business, or incurs substantial risk trading stocks to draw a reasonable dividend rate -- and the individual whose vast fortune derives from exploiting some methodically positioned flaw in the System, or through some usurious banking procedures, or by operating some perfectly legal "sub-prime" mortgage scam, etc.
It does not. Rather it demands that we ask who has rightfully earned their wealth and has a moral and ethical right to it. A thief might labour and toil to achieve his heist, yet few would claim he has rightfully earned the spoils of his theft. Your use of the word 'scam' implies a judgment that those in question have, like the thief, not rightfully earned their wealth, but have instead acquired it by indefensible means. I will not argue that point in this discussion, but will say that if such is the case, then the criteria laid out earlier in the discussion have not been satisfied and there is case to be made that their gains are rightfully to be confiscated and returned to those persons who have a moral, ethical, and/or legal claim to the property or other wealth in question,
Do you assume that wealth acquired through legally "rightful" means is in all examples morally "rightful?"
Their is a significant distinction to be made between was it right and what is lawful. While the law should reflect what is right (moral). Furthermore, what is ethical does not always mirror what is legal or what is moral.
Bottom line: Do you believe there is an important difference between wealth and excessive wealth?
No. I refer you to the brief discussion above of grossly disproportionate wealth distribution and how it is distinct from what you deem 'excessive' wealth accumulation.
And do you believe that excessive wealth in the hands of the wrong people is a menace to political stability, therefore democracy?
No. I once again refer you to the points made above about grossly disproportionate wealth concentration versus what you deem to be 'excessive wealth accumulation'