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by teknopaul 1536 days ago
In theory you dont have to confiscate wealth or assets for this idea, you could just prevent share owners from taking out and spending more than X per year. And/or have high income tax at the top end of the scale without expropriation of assets. There is a precedent for the viability of this, most billionaire company owners don't take out all their stock and attempt to spend it in their lifetime. People who build up huge enterprises seem happy that others and future generations benefit. Some try to spend it on good causes before they die. An unspendably large pay check or comparatively small pay check compared to company growth does not seem to stop people from trying to build up the business to the day they die. It seems it's power/success rather than cash that is the driver. Many people are happy to have the company own the yacht they are swanning around on.