LogFAQs > #905576137

Kyuubi4269 posted...

Questionmarktarius posted...

Taxing someone's vague "net worth" just leads to Wealth Flight, and disaster for anyone who can't flee.

The secret to that is an agreed policy amongst all economically viable countries. It's a stupid thing to do in a single country but if it's a world agreement, like the Paris Agreement, they don't have anywhere to flee to.

So... Moon colony within a decade, huh?

But more realistically, a "wealth ceiling" would end up being exactly that. Instead of creating extra wealth to be confiscated, the economic activity of any given individual or entity would reach a certain point and just stop. Layoffs would start happening after a company has a good quarter.

If you were allowed to work any number of hours in a week, but you'd only be paid up to 48, would you ever work 49 hours?