hm this SEEMS correct but I'm not totally sure it depends on some things would held cash still be taxed? if so probably not quite so much change HOWEVER,https://twitter.com/asglidden/status/1184730466563149831 …
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my hunch is that it would be possible for the wealthy to handle this elegantly eg: assets moved to trusts that pay out to them/descendents eg: assets distributed to descendents or trusts for these descendents well be death eg: "loans" to firms over time, firms invest
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Replying to @eigenrobot
What are the negative externalities of a maximum wealth? Maximum wage?
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Replying to @eigenrobot
We say to the megawealthy that we will remove their assets above a certain number, then put them into a public fund shared among all citizens. Set the number at say 1.5 Billion.
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Replying to @maskoficarus @eigenrobot
You could eliminate that too. My real question is: What happens when every American has a stake in Amazon succeeding? Sorry if this is boring or angers you, but this is the sort of question I think about a lot.
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The fighting over the conduct of the wealthy and the corporations they control may be due to that relationship being one-directional.
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you can look at countries with sovereign wealth funds if you want to see how this goes or with state owned enterprises hows venezuelas oil company doing or aramco or pemex perhaps huawei
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