I feel like you’d end up with a lot of people making $99M. Though I can see that being a good thing with prices for whatever the person made money from falling or driving investment instead of hording so it might actually work out
Nah. If it’s a graduated system like our taxes are now, there’s no advantage to staying under the next bracket. Good trying to think of edge cases though
You’d have a ton of people near $10m for sure. It would also be less rewarding to get over $10m. You’d need to make over $10m a year to cap out, so the top 0.01%.
Also note you could still live like a king even in this system. If you made $1b a year, just spend or donate it each year. Go to space, buy a thousand homes for the homeless. But most rich people don’t work to begin so probably not them.
I feel like you’d end up with a lot of people making $99M. Though I can see that being a good thing with prices for whatever the person made money from falling or driving investment instead of hording so it might actually work out
Nah. If it’s a graduated system like our taxes are now, there’s no advantage to staying under the next bracket. Good trying to think of edge cases though
You’d have a ton of people near $10m for sure. It would also be less rewarding to get over $10m. You’d need to make over $10m a year to cap out, so the top 0.01%.
Also note you could still live like a king even in this system. If you made $1b a year, just spend or donate it each year. Go to space, buy a thousand homes for the homeless. But most rich people don’t work to begin so probably not them.
Wealth, not income.
In that case the 100 millionaire becomes homeless?