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Meanwhile, the loss of incentive to accumulate wealth could be managed by giving the surviving rich people greater total aggregate control over society.
Axiomatically, nobody accumulates massive wealth because they want to buy things, otherwise they would spend the money and thus not have it. So the accumulation of massive amounts of capital is fundamentally about the externalities of capital, such as power.
So give the rich more power and at the same time more responsibility and risk. Not only does this approach illusory "fairness" in terms of introducing comparable risks at both the top and the bottom of society, it would actually work.
Some accumulate it because they want to build things. Like Martian cities, or seasteads. If you want to soak the rich, tax their luxury items so they're better of spending it on awesome stuff. A 100% sales tax on super yachts, perhaps.
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