First, why does it feel wrong?
1. the top 10% get about 50% of pre-tax income
2. they get 30 to 37% of disposable income after tax&transfers (depending on source)
3. and we know the rich have a higher savings rate, so consume a lesser share of their income (US, China)
May be not top 10% but top 0.1% are good at avoiding tax using various loopholes. Like borrowing against stocks (and other appreciating assets) till death to avoid paying CGT and debt is then repaid by heirs which do not pay CGT AFAIK. So they can spend more than income stats would suggest.
This is exactly why everything like Disney has moved upmarket, with pricing rising far above inflation.
It is also shocking how little my life compares to the rich people I see. I don't own two houses or a yacht. We don't take yearly vacations to a chateau in France. The gap between the top 10% and the top 1% is insane. The gap between the 1% and the 0.1% is even larger still.
But hey... not like the rich getting richer and saying "screw you" to everyone else has ever led to negative consequences right? Nothing to see here, business as usual.
Also the logic of what Broadcom/Avago did with VMware: only chase the whales.
https://en.wikipedia.org/wiki/Wealth_inequality_in_the_Unite...
https://time.com/5888024/50-trillion-income-inequality-ameri...
True... but not really relevant here.
Wealth inequality is a global problem.
https://www.theguardian.com/world/2026/sep/24/un-global-ineq...
Yeah, and not just individual destinations but entire destination cities.
See, for example, the radical reshaping of Las Vegas.