[danielheath]

> Are you saying that we/some govt org should seize his assets because he had a bad opinion?

I'm saying that a system in which someone with poor judgement manages to accrue his level of assets is broken somewhere.

Policy settings under which "having capital" allows you to grow your wealth while making terrible decisions are bad policy settings.

Various alternative policies exist, the most obvious of which is adjusting taxation settings such that growing your wealth requires consistently making good judgement calls.

[pinkmuffinere]

I’m not trying to be obtuse, my best guess is that I’m in favor of what you’re proposing. Can you add more details though? I’m certainly in favor of progressive taxation, which kindof matches the spirit of what you’re saying by reducing the profit margin for those who have massive amounts to “play with”. Maybe there’s a more direct method though? Maybe a wealth tax? Something else?

[danielheath]

I'm explicitly not claiming any particular proposal is right; my background is not in public policy.

I'm pointing out that across a great many economic nations, times, and economic systems, the core problem of every social system is not the obvious stuff like "how do we allocate resources" - it's "how do we remove bad decision-makers" - because those people are implementing "how we allocate resources".

There's a great many ways to solve this problem, but there's little evidence that _anything_ is currently being tried. I'd support any policy that seemed reasonably likely to improve this situation.