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An idea that I didn’t cover here, is the concept of an asset/wealth cap for corporations themselves. It could be based on how many employees they have, worth half of a rank’s income. So a clerk adds $20,000 to a company’s asset cap, while an head researcher grants $50k. I figure something like this would help a company’s usefulness to society dictate how much money it can have stockpiled. We don’t want any given organization to get too powerful.
Additionally, I am thinking corporations who don’t need employees, but an increased cap, can sponsor income brackets. These can be given out in a lotto for workers that are being replaced by AI. This would allow society to transition into AI workflows, without disruption that can ruin people’s lives.
I wouldn’t mind that being part of the solution. Far as I can tell, people who are too wealthy go insane. A very blunt method like yours has merit, especially if it were terminal.
That said, what I put forward is more about preventing the existence of bad bosses, political corruption, and so forth. We shouldn’t just eliminate the wealthy, but also eradicate poverty and give people the means to live a full life. That would be key to preventing the shit that brought American society to this point. Americans cannot afford the time and education needed to have political agency, with unfettered Capitalism being the culprit.