this post was submitted on 31 Mar 2025
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I'm a centrist. I think we should have a maximum wealth cap set at 1000x the median household income. I am willing to do this via tax policy instead of the guillotine.
How would you go about enforcing it? What happens to the ceo whose wealth ticks about your 1000x threshold due to a good day on the stock market?
Those are policy details. A common fatal flaw among the left is obsessing over details and trying to pick apart any good idea. The wealth cap is philosophy statement. Obviously any policy needs rules to implement it. But that's for legislators, not people discussing the idea itself. You shouldn't attack a broad policy by getting lost in the minutia.
This happened in the 2020 Democratic Primary. All the candidates had these pointlessly elaborate policy documents and white papers that were immediately forgotten after the election.
Politics is not about obsessing over minutia. It's unproductive to engage in such nit picking of something that is simply a broad policy vision.
I'm sure if you wanted to, you could answer your own question. How would YOU implement this wealth cap while addressing asset swings?