> But it means that people with disproportionate political clout would be taxed more heavily ... Not really, you could do what the Jeff Bezos does: "0 profit"

> But it means that people with disproportionate political clout would be taxed more heavily ... Not really, you could do what the Jeff Bezos does: "0 profit" (by reinvesting everything) and just enough income to live (very well, but still). Meanwhile the stocks he has amass value (and he can trade stocks, which can't be a taxable event if you use the company to do it and "don't do it yourself", for good reasons (for example joint-ventures would become impossible if this were to be taxed)). So you can still amass large amounts of wealth under these circumstances without getting taxed on them. Plus you can cheat by having the business pay for your expenses (and if you live for your job that's not even unreasonable).