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Money is power. Power corrupts.
I think this is it, actually. Having a lot of money can lead to spending it on frivolous things, but I don't think that's what we mean by corruption. It's when you have so much money that you can use that money to influence people in power that it gets bad. Suddenly, when getting your way is merely a question of bribery and you have plenty of means to do it, people start thinking they have a right to pull the strings in the way they see fit.
You don't even need bribery. You can just throw money at something and make things happen.
If you think something is true, you can pay the world to prioritize things as if it were true.
If you think vaccines cause autism and you are rich, you can create massive "education" campaigns and the like to convince people its true. You can buy ads telling people its true. You can amass an enormous following of people who believe you and change policy without bribery.
Yeah when people refer to money as power they're not talking about the d-bag with the McMansion and a cybertruck. They're talking about a level of wealth few people understand.
Power makes existing tendencies for corruption obvious.
You want to pull passive aggressive or direct aggressive bullshit in a small group? Well, that'll work a lot of times. People compensate, or they circumvent you to make things ok. But those same dynamics at scale cause inescapable problems.
I think power reveals. It doesn't corrupt, it just allows people to go for what they always truly wanted