Where do you draw the line for inherited wealth without qualifying for execution, what is the grace period, and how do you enforce it unilaterally without exceptions?
Or is the plan that you and your friends make the decisions case by case and are yourselves also exceptions?
No exceptions. It’s not hard to become less wealthy. The only allowance I’d offer is a warning 90 days in advance that continued retention of their obscene wealth will become a capital offense. They can unload their excess in that time frame and keep their heads.
The most important question is “how do you enforce it?” Does the roaming mob meet up daily to check everybody’s bank records? Or do you pass a law about it democratically, and if it’s that then why did you ever need to execute anybody in the first place?
Where do you draw the line for inherited wealth without qualifying for execution, what is the grace period, and how do you enforce it unilaterally without exceptions?
Or is the plan that you and your friends make the decisions case by case and are yourselves also exceptions?
No exceptions. It’s not hard to become less wealthy. The only allowance I’d offer is a warning 90 days in advance that continued retention of their obscene wealth will become a capital offense. They can unload their excess in that time frame and keep their heads.
The most important question is “how do you enforce it?” Does the roaming mob meet up daily to check everybody’s bank records? Or do you pass a law about it democratically, and if it’s that then why did you ever need to execute anybody in the first place?
How is it enforced? A bounty system would work. 10% of any funds collected or forfeited.
No body will be executed. They’ll all figure out how to pry open their wallets and portfolios within the 90-day amnesty window.
I tell you what, when you legalize such a bounty system on all tangible wealth over a billion then I will admit it might work.
But if you could do that, why would you not just tax the rich?