Better yet, wealth caps. Anyone with a net worth of 10 million gets all income above that level taxed 100%.

When there is an actual wealth caps things change drastically

Companies like Samsung will need a huge amount of more or less equally powerful shareholders because nobody can own over 10M

Why squeeze the workers salaries for extra profit if it’ll all go to taxes anyways? Better increase salaries so that the workers are happy

Nobody can get 50 houses anymore, no park full of Lamborghinis

Governments get a huge influx of resources they can spend on social networks like free healthcare, free education, free housing, you name it

One simple rule that has so many great side effects

Also, no more con men like musk.