Unless you generally make it difficult to keep a fortune at some largest possible size fortunes will continue growing. Maybe we tax $1T at 100%, I don’t know, but we are going to have to inconvenience some rich people if we want to stop living in hell.
I am skeptical about a cap, but the rest is definitely true. Letting them have too much influence on policy is the issue.
Unless you generally make it difficult to keep a fortune at some largest possible size fortunes will continue growing. Maybe we tax $1T at 100%, I don’t know, but we are going to have to inconvenience some rich people if we want to stop living in hell.