Marx nailed it when he pointed at ownership of the means of production, rather than being part of the production of goods and services, being the key differentiator of class. Most of us have to work to live. Some of us do or could own our own means of production - small businesses, lawyers, doctors, software developers, craftspeople - but still have to work at it and make good decisions to continue.
The reason that the ultrawealthy behave like toddlers is that toddlers are, relatively speaking, ultrawealthy: all their needs are met without any effort on their part, and so many of their whims are fulfilled simply by expressing those desires out loud that any impediment or refusal is obviously enemy action.
Parents who want to raise competent adults have to say no to toddlers increasingly often as they mature. Societies that value competent adult citizens have to say no to billionaires - or prevent them from forming in the first place.
#economics #psychology #socialism #capitalism