It is clear that members of the 1% class do not know how to act responsibly with their tens and hundreds of millions of dollars in yearly disposable income.
They invest in large corporations rather than small businesses. They invest in American companies who have moved their operations to China. They impose usurious interest rates on the working poor.
They invest in news media conglomerates that distort reality, and food conglomerates that sell harmful products and services. They invest in energy companies that do little during the climate crisis.
The luxury class invest in industries that are popular with Americans, but destructive to democratic character, like professional sports, superficial entertainment, gambling, vaping, social media, and video gaming.
They fail to invest in public education, having no need for it. Instead, they use private schools and later pay bribes to get their children into private universities. They resist investing in public health care, welfare, and criminal justice programs, because they have their own exclusive world of services to care for them apart from the rest of society.