This is interesting but from the wrong angle. Instead, we need to have a wealth cap. No one in the world needs to have more than 10 million dollars in total w

This is interesting but from the wrong angle. Instead, we need to have a wealth cap. No one in the world needs to have more than 10 million dollars in total wealth. Not just a 100% tax on income over that amount; I mean a 100% tax on appraised wealth over that amount. The additional tax revenue is divided by the country's population size as a small, baseline income to every citizen. Everyone gets a small income. The main reason for doing this isn't to punish the rich; no one can cry at having 10 million, inflation-adjusted. It's to deflate power. In 2007, the top 1% had 43% of the financial wealth; the next 4%, 29%. The bottom 80%, 8%. The very concept of the billionaire is hedonistic and greedy. No one needs or deserves to have so much when others have so little. It's a bug in the system; a flaw in the design. If you have a race and someone is 300 meters ahead of you, you can say, "Wow, great! That person must have trained hard and have a lot of talent." If someone is 40 kilometers ahead, you can say, "Wait, who took a taxi?" Some distance can be assigned to effort, skill and luck. But past that, it's indicative of a flaw in the system or a crime. Let's change that. It's time.