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by SenAnder 912 days ago
> The issue is, a lot of the people at the top engage in business practices that actively disenfranchise people at the bottom.

In an ideal world, we could first ban those practices, and only resort to punitive wealth/income taxes [1] if/when those measures fail to resolve the problem. The problem is regulatory/legislative capture by the wealthy. But I have doubts wealth caps would solve that - organizations such as WIPO or the BSA don't need multi-billionaire members to lobby effectively. A wealth cap would just multiply the number of shareholders.

[1] In the sense that they are intended to prevent ultra-richness, instead of merely filling government budget shortfalls from the pockets of those who can most afford it.