Right, I would say the limit should be “no billionaires” so that if your net worth including investments exceeds $999M then you have to sell off some property or give money to the taxman until you are under $1b net worth. $999 million is still more money than anyone would ever need but just having no billionaires would be a great start.
I’d say make a progressive scale such that 1 billion is the theoretical limit, meaning you would need infinite gross/pre-tax wealth to exceed 1 billion in net wealth after taxes.
Yep, let people make all the money they want, but once you hit 10 billion, you get luigi’d.
Stop thinking in terms of dollar amounts, think in disparities or ratios over minumum wage/poverty line for an economic region/group
Figure out what our actual acceptable limit is and keep it there despite number of units as that will just need to be continually adjusted
Edit: crap not who i meant to reply to. Still applies though so ill leave the comment
I think the limit is in the millions.
Honestly 50 million is plenty for any individual.
Yeah, that sounds about right. Okay, so that’s that settled. What’s next?
Right, I would say the limit should be “no billionaires” so that if your net worth including investments exceeds $999M then you have to sell off some property or give money to the taxman until you are under $1b net worth. $999 million is still more money than anyone would ever need but just having no billionaires would be a great start.
I’d say make a progressive scale such that 1 billion is the theoretical limit, meaning you would need infinite gross/pre-tax wealth to exceed 1 billion in net wealth after taxes.
That’s still probably too high, but its a number nobody can object-to. Would be easy to pass that law in a democracy.
Even 1 billion works. You have to make it high still, or everyone will say “bu-bu-but that’s communism”
put that limit at 100 million please