What do you mean “now what?” lol. Assuming an American-centric or Euro-centric point of view, they would use their extremely expensive military armaments that can’t be purchased in large quantities by private organizations, and crush the rebellion. The government is the government because they have a monopoly on violence.
I mean, really. Their money is in banks subject to the oversight of the countries they’re trying to raise an army against. People may be relatively cheap, but they still need to be paid quite a bit to attempt to fight the military head on. Freeze their accounts and they’re screwed. Musk’s entire fortune isn’t even a single years worth of funding for the US military, and even if all the billionaires pooled their money it would take years to accumulate the excess hardware that is allowed to be sold and then train their PMCs on hardware. Years that they wouldn’t have if a bill was passed to cap wealth inequality.
We may yet reach the corporate dystopia where businesses can directly challenge governments, but we’re not quite there yet. At least not in the first world. Russia may have shot itself in its confusion, but that’s because the rich already are the government there.
That’s a bit of an arbitrary figure. Also wealth isn’t really money as much as it is things.
Take a house, for example. You only really need one. The monetary value of the house depends on a few factors, but it’s primary value is that it gives you shelter. It probably fluctuates in monetary value but the actual value doesn’t change. If you cap wealth based on monetary value, how do you deal with homes in different places that are valued differently? I think it’s going to be more complicated than it seels at first glance.
Assuming you mean dollars, since everyone on the internet is American. 10mil seems like a lot all together. But if you had to feed your entire family for the rest of your life on 10mil you might struggle, depending on where you live.
Maybe you mean 10mil income per year and not overall wealth. That’s different, but I can understand this. A progressive tax system could impose a cap of sorts but tax avoidance (the legal kind) would render it useless.
I don’t have any answers, just felt like continuing the thought train.
Maximum Wealth should be set to 10 million. At that point you’ve won at wealth and every penny after that should go to someone else.
Root of the issue is that there is no way to achieve this. People with money hire an army, now what?
What do you mean “now what?” lol. Assuming an American-centric or Euro-centric point of view, they would use their extremely expensive military armaments that can’t be purchased in large quantities by private organizations, and crush the rebellion. The government is the government because they have a monopoly on violence.
I mean, really. Their money is in banks subject to the oversight of the countries they’re trying to raise an army against. People may be relatively cheap, but they still need to be paid quite a bit to attempt to fight the military head on. Freeze their accounts and they’re screwed. Musk’s entire fortune isn’t even a single years worth of funding for the US military, and even if all the billionaires pooled their money it would take years to accumulate the excess hardware that is allowed to be sold and then train their PMCs on hardware. Years that they wouldn’t have if a bill was passed to cap wealth inequality.
We may yet reach the corporate dystopia where businesses can directly challenge governments, but we’re not quite there yet. At least not in the first world. Russia may have shot itself in its confusion, but that’s because the rich already are the government there.
Who is in government with rank enough to authorise this violence, but doesn’t have the above-$10M to lose?
That’s a bit of an arbitrary figure. Also wealth isn’t really money as much as it is things.
Take a house, for example. You only really need one. The monetary value of the house depends on a few factors, but it’s primary value is that it gives you shelter. It probably fluctuates in monetary value but the actual value doesn’t change. If you cap wealth based on monetary value, how do you deal with homes in different places that are valued differently? I think it’s going to be more complicated than it seels at first glance.
Assuming you mean dollars, since everyone on the internet is American. 10mil seems like a lot all together. But if you had to feed your entire family for the rest of your life on 10mil you might struggle, depending on where you live.
Maybe you mean 10mil income per year and not overall wealth. That’s different, but I can understand this. A progressive tax system could impose a cap of sorts but tax avoidance (the legal kind) would render it useless.
I don’t have any answers, just felt like continuing the thought train.