Ive often seen individuals on the left talking about how billionares shouldnt exist etc., but when probed on how that could be accomplished the answer is usually just taxes or guillotines. I dont think either is great.
What if instead, corporations were made to be unable to be sold or owned. Initially theyre made to default to popular election for their board, and after that they can set up a charter or adopt a standard one, ratified by majority vote of their employees.
Bank collapse would probably follow, how could that be remedied? Maybe match the banks invalidated stocks with bonds?
Power accumulation in families would be through the roof. I get that it feels crude when you can’t pass on all your wealth to your children, but it would widen the wealth gap so so much in just a couple generations. Is there another reason you think it should be untaxable?
It’s already been taxed.