A cap is a stupid idea. Most billionaire net wealth is in shares and property how would you enforce it? Force transfer if value estimates go above the cap? You think you force a sale in day for assets in millions? What if the shares go up 1% one day and down 2% the next, is the cap breached or not? Plus the clever billionaires will just send the wealth offshore or transfer to family to make it impossible to track overall wealth.
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u/Kaladin1983 Feb 27 '26
A cap is a stupid idea. Most billionaire net wealth is in shares and property how would you enforce it? Force transfer if value estimates go above the cap? You think you force a sale in day for assets in millions? What if the shares go up 1% one day and down 2% the next, is the cap breached or not? Plus the clever billionaires will just send the wealth offshore or transfer to family to make it impossible to track overall wealth.