General Discussion
In reply to the discussion: No one in the world should have a net worth of a billion dollars. No one. [View all]Half-Century Man
(5,279 posts)Wealth cap at a certain level; ie $100,000,000.00 (one hundred million dollars) per individual. All and every form of wealth capped. Individuals achieving top border forced retirement. As in "You have won, enjoy your victory with an extended vacation. The others will continue play". Winners may still do volunteer work providing no form of compensation at all is credited (no profit to or donated in their name) to them; lunch may be provided as well as public documentation of their efforts. Investments properties or portfolios may generate wealth to the extent of maintaining the $100,000,000.00 trove during the lifetime of the individual. Overages are taxed at 100%. In the case of diminished trove do to life expenses and poor investments, retirees may be re-eligible for compensation at loss of 66% of trove (2/3ds).
Married couples may keep a household of $200,000,000.00 providing that who owns what is carefully documented.
Those who wish to forgo the forced retirement can opt to donate 2/3ds of trove at any point and to any non-profit organization.
From capped trove households
During the life of a capped individual. Gifts of money maybe given to any non-capped individual at any amount. Gifted individuals pay appropriate taxes.
Inheritance/ bequeathment capped at 7.5 million dollars, per deceased person per individual/organization. Any wealth not documented in a registered will to become public funding (taxed at 100%).
Surviving spouses may hand pick from the trove any undocumented property and/or monies to reach cap or rearrange their individual wealth portfolio.
At a certain point, one far below the hypothetical wealth cap from above, you have all you will ever need as a individual. Any further wealth accumulation is simply hording or addiction. What those driven individuals need is pause and psychiatric help.
You do not cure a heroin addiction with unlimited heroin. An end is eventually reached, but not a cure. You preform an intervention. You stop their access to the mind blot of choice, help them understand the value of the things they have, and give them time to recover.