Fundamentally, that seems like common sense. Government's utility and legitimacy is powered by its own mass and influence in society. Many states have done a very poor job of securing that position.

If you start to get individuals and businesses so wealthy or influential that they can make the state quiver, eventually the government's mandates are at risk. Can it effectively regulate businesses that are too big to fail? Does it maintain the monopoly on violence if the wealthy can DoS the legal system to escape prosecution for their wrongdoings?