100% Tax Bracket for Billionaires

A bit of a disappointing article in that it didn&#x27;t even mention that this used to be the case in the US (or at least something close to it)[0]. Does anyone have any more material on what the implementation for this would look like? Would billionaires relocate? Would it affect where hopeful start-ups are founded?<p>[0]<a href="https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;History_of_taxation_in_the_United_States#Development_of_the_modern_income_tax" rel="nofollow noreferrer">https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;History_of_taxation_in_the_Uni...</a>

Once they reach $100bn, confiscate all their wealth and make them start again with a market stall and a small loan (say $1M). Call it Billionaire New Game Plus.

How to ensure all your country&#x27;s billionaires become another country&#x27;s billionaires 101.

I think US hiked tax rates to finance the war because of the gold standard. Once it was cancelled the government was able to finance military operations simply by printing more dollars, coupled with other crypto-like tricks for artificially driving demand for USD:<p>- economic&#x2F;millitary aid to various countries around the world (&quot;airdrops&quot; in crypto-speak)<p>- petrodollars: denominating oil prices in USD (similarly how Ethereum prices its gas in ETH, and makes ETH the only allowed medium-of-exchange to purchase ETH)

Don&#x27;t just tax them. Exchange the taxed amounts for non-monetary, signaling reward (&quot;merits&quot;) - a reward one can get only, when surrendering economic value to the public. Rich folks perceive money primarily as a signal of their competence (which gets translated to status) and scarcity of merits could make them being craved by all.