No, Especially billionaires. People who do reposessions say that a rich person will go into a major crisis over losing a non-essential luxury, while poor people are just sad to see their furniture and TV go. Before we learned to live in large groups and keep a year's supply of grain on hand, people were in no danger of getting too much sugar, salt, fat, or wealth, so we never developed any inhibitions around them. The greediest people seized control of the treasury, and have run things ever since. Homeless people share when they get a windfall, and winning a lottery is a disaster for most people, but the psychopaths can hoard and watch others starve. When her travel companions were reduced to cannibalism to survive the winter, Tamsen Donner barely lost weight.The fundamental resources in the world are time, energy, and materials. Of these, time is absolutely limited for every one of us. If I give you any of those but do not get something back in return, I may die. If I get something that is inadequate or not useful, I may still die.
I gain status by putting the time, energy and material of other people under my control. Status makes for reproductive success. Reproduction itself is trading time and energy for the material aspect of support.
That fundamental instinct is the basis for all the economies that have ever existed. The instinct persists even though few people in western countries will die if they lose out on a transaction. They are merely a bit less affluent. Doesn't matter. The instinct is extremely difficult for most to overcome. Even billionaires.
Again, I must disagree. That is trade in a nutshell. Capitalism works well in the textbook example of the the butcher, the baker, and the candlestick maker each producing a surplus of their specialty to trade with the others, while competing with other suppliers. In practice, random chance will put one of them ahead, and that can easily turn into a positive feedback loop, with the baker buying out his competition and just giving them jobs. The logical result is for one person to own everything, and we can see that wealth is now extremely concentrated, and competition rare.Money is just a proxy for the relative value of something in a person's opinion. That proxy allows trade to go beyond barter.
The value of a thing varies widely from one person to another. It is completely subjective. If I value an item highly I won't trade it unless I can get equal or better value back. But I can trade something of low value to someone who places a high value on it. They can give me something they value little that I value more. The value of both items increases at the point of transition. We both come out ahead. That is capitalism in a nutshell. Anything else is applique.
I know of people with ten times less than myself, and of others with ten times more, and their daily concerns are so different to mine that they may as well be another species. The range actually goes beyond a hundred times. The rich cannot help having to make decisions that kill other people, and so they lose all sense of humanity, and become parasites, thinking themselves more evolved, and us like domestic animals.