The problem is that wealth = power and influence in society and this has led to essentially all modern neoliberal ‘democracies’ having their governments captured and controlled by the wealthy elite. So the only way you would be able to implement something like this would be via a revolution replacing capitalism with some form of socialism that would make private wealth a thing of the past and provide a decent standard of living for all.
And if that in itself wasn’t hard enough, the other evil empires of the world would never allow this to happen anywhere. No gaining traction permitted. It would take the complete collapse or civilization world-wide, and even then we would just return to medieval fuedalism and Gun Diplomacy.
I used to think this would be sufficient as well but as you’ve probably noticed it’s damned near impossible to get our “democratic” governments to even consider something like this since they have been so thoroughly captured by the wealthy elite. You don’t have to call it revolution or socialism if those are scary words or just don’t seem possible but somehow we have to overcome that reality and I don’t see how it can be done without dispossessing these elites of their power so we can dispossess them of their wealth.
I feel like perhaps a slightly easier first step would be to push for a cap that is higher than anybody’s wealth (say £100B) — so that the debate is initially only about the principle — and only then demand it be lowered. 1) salami slicing works, and 2) even just the fact of there being one (albeit unreachable) would imo do a lot psychologically.
And while we’re at it, another pet policy of mine is a tax that starts at 0 and approaches 100% as your income approaches infinity. Then you’d just play with the steepness of the curve. You’d still have the problem of pre-existing hoardrd wealth though.
Also the astronomical additions to the govt budget from all this would prob lead to equally astronomical embezzlement, rendering the whole limit ineffective. So another, prob more decentralized, mechanism of redistribution would need to be devised first.
The problem is that wealth = power and influence in society and this has led to essentially all modern neoliberal ‘democracies’ having their governments captured and controlled by the wealthy elite. So the only way you would be able to implement something like this would be via a revolution replacing capitalism with some form of socialism that would make private wealth a thing of the past and provide a decent standard of living for all.
A few dozen more Luigis would also make it easier.
And if that in itself wasn’t hard enough, the other evil empires of the world would never allow this to happen anywhere. No gaining traction permitted. It would take the complete collapse or civilization world-wide, and even then we would just return to medieval fuedalism and Gun Diplomacy.
Imho a hard cap on personal wealth would be sufficient.
I used to think this would be sufficient as well but as you’ve probably noticed it’s damned near impossible to get our “democratic” governments to even consider something like this since they have been so thoroughly captured by the wealthy elite. You don’t have to call it revolution or socialism if those are scary words or just don’t seem possible but somehow we have to overcome that reality and I don’t see how it can be done without dispossessing these elites of their power so we can dispossess them of their wealth.
I feel like perhaps a slightly easier first step would be to push for a cap that is higher than anybody’s wealth (say £100B) — so that the debate is initially only about the principle — and only then demand it be lowered. 1) salami slicing works, and 2) even just the fact of there being one (albeit unreachable) would imo do a lot psychologically.
And while we’re at it, another pet policy of mine is a tax that starts at 0 and approaches 100% as your income approaches infinity. Then you’d just play with the steepness of the curve. You’d still have the problem of pre-existing hoardrd wealth though.
Also the astronomical additions to the govt budget from all this would prob lead to equally astronomical embezzlement, rendering the whole limit ineffective. So another, prob more decentralized, mechanism of redistribution would need to be devised first.