I don't understand billionaires. I thought one of their favorite things was to pull up by ladder behind them. Which is why they love regulatory capture so much.

I don't understand billionaires. I thought one of their favorite things was to pull up by ladder behind them. Which is why they love regulatory capture so much. At their levels of wealth money means nothing but a high score. That's all it is. There's nothing they can't buy. They could lose 99.9% of their wealth and that'd still be true. So wouldn't wealth taxes be that same regulatory capture? Put like steep ones but cap at $100bn. Then no one else can get to where they are. No one can climb the ladder they did. (Who am I kidding, no one will buy that)