3 ms·

Is there a realistic way to cap earnings or holdings? Has it been tried?

• venomsnake 10y ago
  I had an idea of tax that is Tax = Income - Log(Income). That would help make the positive loopbacks milder. Well ... the big socialist experiments were not that successful in the last century. And the real growth of prosperity post WWII was due to a couple of hard to replicate factors. I guess it could be possible to mandate that no person could own more than 1/X of the national income. But won't pass unless after revolution.
  • prawn 10y ago
    The cap could still be high enough to motivate people, but effective enough that it limits the extreme hoarding we see now.