Good point. I really like how the quote in article itself frames it: "this notion that every billionaire is a policy failure".
I think wealth shouldn't have gotten concentrated to this degree in the first place. It's a structural failure that individuals can end up with control over that much money. If the economy was a software simulation, we'd call it buggy because it's clearly gotten some unbalanced positive feedback loops that lead to an unstable simulation.
But the system does have those bugs, and the wealth is concentrated today. So, relative to the other options (which is what every choice in life is), I think putting it in a trust is probably better for society than keeping it in the hands of the family.
I think wealth shouldn't have gotten concentrated to this degree in the first place. It's a structural failure that individuals can end up with control over that much money. If the economy was a software simulation, we'd call it buggy because it's clearly gotten some unbalanced positive feedback loops that lead to an unstable simulation.
But the system does have those bugs, and the wealth is concentrated today. So, relative to the other options (which is what every choice in life is), I think putting it in a trust is probably better for society than keeping it in the hands of the family.