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My issue with your argument is in what world is a net worth of $20 million not "ultra rich." The median net worth of an individual near retirement age is $400,0

• Buttons840 3y ago
  It's an arbitrary number, but I believe it should be fairly high in this idea I propose. (And this is all pie in the sky theory crafting anyway.) My goal is not punishment as much as it is compensation. I want a world where if someone has a billion dollars, it's because they made good decisions and have proven to be good in the long term. Currently that is not the case, if someone has a billion dollars it might be because they made greedy short term decisions and then bailed and deployed their golden parachute and left others to clean up their mess. I also think it's about liability. I like not being personally liable for mistakes I make a work, but I don't get paid millions of dollars either. I think once enough money is involved people should no longer be able to disconnect financial liability from their personal money. I also proposed it as a conservative high number, because if this ever were to happen, you know talking heads would be screaming about it, but regular people are going to scoff when they learn the only threat is to take away wealth in excess of 20 million.