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It's sad that even the idea of a very high tax rate for even the top 0.1% is off the table. I really like the suggestion of capping net worth at $999 million and the government gets the rest.
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How does that work when for example a single company is worth two billion? Does the government now own >50% of it?
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Easiest implementation would be shares start getting shared to all other employees. No more big owner when profits come from the laborers.
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Could you imagine the talent pool the most profitable companies would have if all net profits over X billion dollars were automatically redistributed to it's labor force? Suddenly the wealthiest middle class on earth would be in the US until then somehow clawed that money back.
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Companies would be handled differently than persons.
However there should be regulations too.
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No single person has 1 billion. They just own companies that are worth that much.
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