What we need to think about is how this works practically. A billionaire isn’t someone with a billion dollars in their bank account: it’s someone with a 50% share in a business with a market cap of $2bn. How do we address that fairly?
Now I’d say that a business with a certain level of profitability owes something to its employees, such that very few businesses would reach that level of capitalisation.
I don’t see the issue, if we say 1 billion is too much (I would choose a lower maximum personally) if their wealth in any way or form is above the max, they have to sell a house or some asset, society in the form of the government (or whathever is in place) take the money to be used for public interest project. It’s really not that punishing, they would literally be the richest people, and they would still have plenty of money/asset to enjoy life. They don’t need more.
What we need to think about is how this works practically. A billionaire isn’t someone with a billion dollars in their bank account: it’s someone with a 50% share in a business with a market cap of $2bn. How do we address that fairly?
Now I’d say that a business with a certain level of profitability owes something to its employees, such that very few businesses would reach that level of capitalisation.
I don’t see the issue, if we say 1 billion is too much (I would choose a lower maximum personally) if their wealth in any way or form is above the max, they have to sell a house or some asset, society in the form of the government (or whathever is in place) take the money to be used for public interest project. It’s really not that punishing, they would literally be the richest people, and they would still have plenty of money/asset to enjoy life. They don’t need more.