Put a cap on it. Billions of dollars can mainly exist in the form of stock ownership. Which means control of corporations. So even if you cut a large percentage of billionaires' wealth by taxing them, the relative power structure and ownership percentages among them do not change. They practically don't lose anything tangible.
Written by Oz Zeren
Writing for a better future. I work in Tech. I like Philosophy, History, Computers, Gaming, the Internet. I’m excited about the Creator Economy, Web 3.0, DAOs.