I think it's a great system of checks and balances- billionaires are only created by dealing with a lot of people and successfully solving a lot of problems. Once they have it, it's work to hold on to the money though. Politicians don't really produce anything measurable to show if they've helped or hurt society, and so they work to devalue the meaning of the dollar.

If you get rid of wealthy people's power, what takes its place other than politicians?