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View Diary: Crumbs much too small for the other Whos' mouses (199 comments)

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  •  Wealth caps (5+ / 0-)

    One easy way to stop this concentration is to institute wealth caps. Say $250 to $500 million. Once you hit that mark, you'e cut off and can no longer charge for your labors or make money from your "investments." You can't even put the money in interest earning CDs or bank accounts. All your subsequent economic activity must subtract from the principal.

    A cap would still promote innovation, because for most normal people, $500 million is an inconceivable sum. You could spend $10 million a year for 50 years before you run out.

    It also prevents economic absurdities like Mitt Romney who "earns" $50,000 per day doing absolutely squat, while a huge portion of the country has to work an entire year to earn the same amount.

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