todo: institute escalating deterents on the concentration of wealth. if you're worth $5mm, that's great. you're rich. enjoy. if you're worth $10mm+, you've sta

todo: institute escalating deterents on the concentration of wealth. if you're worth $5mm, that's great. you're rich. enjoy. if you're worth $10mm+, you've started to become a real liability to the social order. politicians and economists can debate how best to implement such controls, but some often talked about ideas are * raising the capital gains tax rate * more progressive income tax with a higher maximum marginal rate * closing various inheritance tax loopholes * closing offshore tax loopholes * allowing the failure of investment banks these may not be the best ideas, since they don't all intrinsically internalize the social and economic costs to the rest of society, but they provide a starting point for discussion. and my point is not to vilify the wealthy but to accurately account for the social and economic externalities they create by their concentration of capital.