Why 999M? And is that yearly annual income or does it include all assets? In any case, surely nobody _needs_ one billion dollars. Why not 100% taxation on anyth

Why 999M? And is that yearly annual income or does it include all assets? In any case, surely nobody _needs_ one billion dollars. Why not 100% taxation on anything over 1M? Actually even that is outlandish, people can go their whole lives without ever earning that much. Just cap it at 100k.