Countries with fewer billionaires and more socialistic policies are much, much better to live in today I'd say. Just compare US with EU for instance. So not sure how you can assert that the opposite "demonstrately happens".
Don't you think people would "pull harder" if they themselves actually saw the fruit of their labor? We're talking about people's livelihoods here, and you still talk about "bottom lines".. I'm not sure if you're trolling or actually hold these views?