Taxes. The answer is taxes and actual audits. We’ve been doing that sort of thing for a very long time, it’s just that the rich assholes have had access to the tax code.
A full audit every year, and then you simply tax any wealth over the 500M mark. It’s that easy.
I think the commenter above you is implying that if everyone knew that 500M was the cap, then every bubble would pop and the market would crash.
I think it’s a good idea. If you can’t survive the rest your life on 500M then you’re doing things way too lavish for any society to support.
(And that doesn’t mean you couldn’t invent and work and make more than you spend, keeping your worth at 500M indefinitely)
A full audit every year, and then you simply tax any wealth over the 500M mark. It’s that easy.
If, hypothetically, those audits ended up costing more than the additional tax revenue they yield, resulting in overall tax revenue decreasing, would you still want to do it?
I’m actually betting that a full audit of everyone who even claims to be worth more than, say, 100 million, would send most of these fucks to jail for financial crimes. Which is worth it on its own.
Taxes. The answer is taxes and actual audits. We’ve been doing that sort of thing for a very long time, it’s just that the rich assholes have had access to the tax code.
A full audit every year, and then you simply tax any wealth over the 500M mark. It’s that easy.
I think the commenter above you is implying that if everyone knew that 500M was the cap, then every bubble would pop and the market would crash.
I think it’s a good idea. If you can’t survive the rest your life on 500M then you’re doing things way too lavish for any society to support. (And that doesn’t mean you couldn’t invent and work and make more than you spend, keeping your worth at 500M indefinitely)
If, hypothetically, those audits ended up costing more than the additional tax revenue they yield, resulting in overall tax revenue decreasing, would you still want to do it?
I’m actually betting that a full audit of everyone who even claims to be worth more than, say, 100 million, would send most of these fucks to jail for financial crimes. Which is worth it on its own.