Hacker News new | ask | show | jobs
by concordDance 1306 days ago
Try and introduce that and you'll run right into the impossibility of measuring wealth. E.g. what if Bill Gates just gives all his many over 1 billion to a charity or trust? Say, the Gates foundation (see wikipedia for the good work that charity has done)? Is the wealth "his" given he still has a great deal of control over how it gets spent?

Try a wealth tax like that and the Musk charitable foundation is founded with the goals of fighting climate change via electric cars and making a Mars colony.