One thing I'd like to pick at:

> And so you're able to pay people extremely generously to help maintain the thing.

This is optional, and requires the owner to be generous. It is more common for people to not be paid generously. And that matters because these businesses literally cannot achieve their valuations without the employees. Going back to the 1-person, 1-billion startup valuation - there are 0 examples that I can find. What does that tell you? That the maximum amount of wealth an individual can create, in today's dollars, is somewhere less than 1-billion.

I'll try to rephrase my stance: It's not that being a billionaire is bad - it's that all of the billionaires we have believe that they did it themselves. PG basically confirms this in his post. The ownership class thinks they are deserving because no matter how many employees they have, they view all the wealth as something they created by themselves. That disconnect is in my opinion, extremely bad for society.

It's also typical to see delusions of grandeur that lead a lot of these ultra wealthy people into thinking they are working 1000x as hard as everyone else. Elon Musk regularly claims to work 16 hour days, 7 days a week. But somehow he also has enough time to play diablo and path of exile 20-40 hours a week, spend multiple hours a week with each of his ~20 kids, tweet constantly, etc. These aren't people that view the world for what it really is, because the level of wealth they've obtained leads them to believe they have super powers. As a society we can't have rational conversations with people that think this way.