10 billion?
I can’t see how someone realistically would needs more than 10 million, but okay, let’s set the limit to 500 million. A ridiculous amount of money.
But 10 billion? That’s an unspendable amount.
(And to think we will see trillionaires (1,000,000x million) in our lifetime…)
Right, I would say the limit should be “no billionaires” so that if your net worth including investments exceeds $999M then you have to sell off some property or give money to the taxman until you are under $1b net worth. $999 million is still more money than anyone would ever need but just having no billionaires would be a great start.
I’d say make a progressive scale such that 1 billion is the theoretical limit, meaning you would need infinite gross/pre-tax wealth to exceed 1 billion in net wealth after taxes.
Yep, let people make all the money they want, but once you hit 10 billion, you get luigi’d.
10 billion? I can’t see how someone realistically would needs more than 10 million, but okay, let’s set the limit to 500 million. A ridiculous amount of money.
But 10 billion? That’s an unspendable amount.
(And to think we will see trillionaires (1,000,000x million) in our lifetime…)
I think the limit is in the millions.
Honestly 50 million is plenty for any individual.
Yeah, that sounds about right. Okay, so that’s that settled. What’s next?
Right, I would say the limit should be “no billionaires” so that if your net worth including investments exceeds $999M then you have to sell off some property or give money to the taxman until you are under $1b net worth. $999 million is still more money than anyone would ever need but just having no billionaires would be a great start.
I’d say make a progressive scale such that 1 billion is the theoretical limit, meaning you would need infinite gross/pre-tax wealth to exceed 1 billion in net wealth after taxes.
That’s still probably too high, but its a number nobody can object-to. Would be easy to pass that law in a democracy.
Even 1 billion works. You have to make it high still, or everyone will say “bu-bu-but that’s communism”
Stop thinking in terms of dollar amounts, think in disparities or ratios over minumum wage/poverty line for an economic region/group
Figure out what our actual acceptable limit is and keep it there despite number of units as that will just need to be continually adjusted
Edit: crap not who i meant to reply to. Still applies though so ill leave the comment
put that limit at 100 million please
Still way more than any single person could spend in a lifetime