>>Even now the wealthy individuals seem to be making such investment for others benefits in terms of charity You know charity is tax deductible right? >Why wo

>>Even now the wealthy individuals seem to be making such investment for others benefits in terms of charity You know charity is tax deductible right? >Why would they limit from cap This happened when France taxed people in higher income bracket >This is one of the possibility but not definite France's richest guy left the country. And France found it hard to attract managerial talent. >they cant simply use it for their personal benefit and all the money they make beyond cap should be used for other's benefits Sure. My cousin who doesn't bear my surname counts as "others" right. This would be a nightmare to track if self administered. If the wealth is collected by some TRUSTED party, same issue as I mentioned earlier - corruption.