from “Confiscate Their Money”, by #HamiltonNolan https://www.hamiltonnolan.com/p/confiscate-their-money ht @scott
Text: What does someone who is worth $30 billion lose if you take $29 billion from them? They can still own multiple mansions and a private jet and buy any material thing they want and leave a fortune behind when they die that will take care of their family for generations. As a practical matter of day to day life, they lose nothing. All they really lose is the ability to unduly influence the rest of us. They lose (some of) their ability to act like gods.