Realize. It’s only a cap on net worth. You can still make as much money as you want. You just have to spend to keep your net worth below the cap. So this would actually result in an era of extremely visible wealth and splendor. You either donate to all sorts of charities. Or you build a comically large and pretentious dwelling. Or you cut giant checks to your thousands of closest relatives. Or you throw giant extravagant parties for absurdly large numbers of people. Do what you want with it, but your net worth cannot exceed that number. And that makes it so your compounding wealth can never rise to geopolitically-significant levels. You can live in absolute resplendent luxury; you just can’t get so wealthy that you threaten to take over the place.
But I suppose, if you want a sticker, that would be fine. Or, we could gamify this. Imagine if we just started publishing the top ten taxpayers each year. Their would literally be an official high score that oligarchs could aim for.
Realize. It’s only a cap on net worth. You can still make as much money as you want. You just have to spend to keep your net worth below the cap. So this would actually result in an era of extremely visible wealth and splendor. You either donate to all sorts of charities. Or you build a comically large and pretentious dwelling. Or you cut giant checks to your thousands of closest relatives. Or you throw giant extravagant parties for absurdly large numbers of people. Do what you want with it, but your net worth cannot exceed that number. And that makes it so your compounding wealth can never rise to geopolitically-significant levels. You can live in absolute resplendent luxury; you just can’t get so wealthy that you threaten to take over the place.
But I suppose, if you want a sticker, that would be fine. Or, we could gamify this. Imagine if we just started publishing the top ten taxpayers each year. Their would literally be an official high score that oligarchs could aim for.