The problem I have with extreme, gratuitous wealth, and the inequality that creates it, is that it is fundamentally anti-democratic. It is well known by anyone with a pulse that money = political power, which means those with the most money, have the most political power, and given how just how much wealth so few people in the world have now, an infinitesimally tiny fraction of the population of most democratic countries have essentially entirely captured the political apparatuses of the countries in which they reside. Meaning the interests of the majority of the people in most countries are no longer being represented by their elected officials, instead the people being elected solely represent the interest of wealthy elites who can afford to make huge political "Donations" and pay lobbyist's salaries.
I've said it before and I'll say it again, but one of the most effective changes we could make in the world is to get money out of politics, as its the only real way democracy can be put back in the hands of the people.