[colechristensen]

Many of the 1B+ people out there aren’t in it for the cash but the B comes from valuation of things that they own, those things usually being big chunks of corporations, and what they own isn’t stuff but power and influence in that entity.

You do away with those people and that power leaving gl everything else the same, what you are doing is giving more power to the other existing social structures and ensuring no single person outside them can check their power.

So? More outsized government official power and more power to faceless corporations no longer under individual control but an entity up for its own best interests at the whim of a complex social structure bound by law to do the best for that entity which often ends up very bad for the interests of individual freedom.

You want to take away multibillionaires you have to start with structural changes to prevent mergers and pseudomonopolies, you need ten companies fighting for what two or three have now.

If you don’t you end up further encouraging next quarter profitability targets and megacorp best interests.

in other words there is probably something to fix, but you can’t just target a few of the symptoms or trying to make things better you drive us further into dystopia