Anyone who makes like 100 million dollars and thinks to themselves "this isn't enough money to stop working and just enjoy life" has something seriously wrong with them. The billionaire class will never be happy, and it's time for society to stop letting these loonies ruin society to satisfy their insanity.
I think it is far to keep working if you love what you are doing. To filter, there should be an absolute cap on wealth at a few hundred million dollars. This would eliminate the incentive to manipulate politics in favour of yourself, but if you want to keep working you should be doing it for society via charity or taxes on anything additional that is earned.
Have a nice ceremony and present a medal for winning capitalism.
>To filter, there should be an absolute cap on wealth at a few hundred million dollars.
One million dollars and not a penny more. Enough for most people to live comfortably, but not enough to buy governments, or for the upper classes to never need to work again to maintain their lifestyle and privilege.
No human being needs or deserves a hundred million dollars.
I agree with you in principle here, but to play devils advocate, $1,000,000 isn't a whole lot of money. A worker will make around that much at $25,000 a year over 40 years. If we have to keep money/capitalism, the limit should probably be around 10-15 million. That's still pretty high, but not egregious. Give or take ~40yrs on a high FAANG salary ($375k/yr). Still firmly upper middle class IMO.
I don't mean earnings over a lifetime or career, but currently. A worker making $25,000 a year will still probably never see a million dollars regardless of the limit. Maybe everything above that is taxed 100%. I don't know.
But the point is kind of to eliminate the upper classes and scale the economy back into the reach of most people. So there would be no FAANG salaries. The cost of everything (healthcare, education, housing) would go down. It would place a hard limit on political influence that isn't too far out of reach of current Congressional salaries and would probably limit pork barrel politics and insider trading as well. It would end inherited wealth and maybe even limit the length of copyright.
That's an admittedly naive and utopian view and I'll admit there are bound to be complexities and externalities I'm not taking into account because I'm not an economist. But it's either that or we seize the means of production and put the rich to the guillotines until the sewers choke on their blood. And then something something luxury space communism.
