The goal of an income cap is not to suddenly confiscate the wealth of these billionaires, it is to prevent such inequality from happening. They would still be t

The goal of an income cap is not to suddenly confiscate the wealth of these billionaires, it is to prevent such inequality from happening. They would still be the top 45 richest Germans, they would just be less rich than they are now. > startup companies and investors would be discouraged from locating in Germany, That, I really doubt. As a founder, if you were telling me that I have twice the chance to succeed in a given place, but that I will never own more than 10 millions, I'd be pretty happy already. Sure, you won't attract the delusional founder who thinks he will become the next Bill Gates with his dating app for dogs, but isn't that a feature more than a bug? > and the income cap wouldn’t raise much money anyway. That's not the goal. It would not raise money directly, but it would have a lot of benefits for the economy, by redirecting money that would otherwise go to the top 0.1% into more modest pockets. It would cause redistribution without having to go through the state.