The workers own and operate the businesses and organizations they work for.
Also cap wealth at ~100mil sounds like a good idea if possible
Glass steagall was a great way to regulate capitalism. Eventually the 1% purchased the removal of these regulations and protections through
bipartisan legislation
Two Republicans and four Democrats did not vote.[11]
Sen. Fritz Hollings (D-S. Carolina) voted in favor, Sen. Peter Fitzgerald (R-Illinois) voted "present" and Sen. James Inhofe (R-Oklahoma) did not vote. A table with members' full names, sortable by vote, state, region and party, may be found at S.900 as amended: Gramm–Leach–Bliley Act, roll call 105, 106th Congress, 1st session. Votes Database at The Washington Post. Retrieved on 2008-10-09 from "S 900 | U.S. Congress Votes Database - the Washington PostThe Washington Post". Archived from the original on 2011-06-13. Retrieved 2008-10-09..
Independent Rep. Bernie Sanders of Vermont voted yes; 33 Republicans and 28 Democrats did not vote.[15]
52 Republicans and 38 Democrats voted for the bill. Sen. Richard Shelby of Alabama (Republican, formerly a Democrat) voted against it, as did 7 Democratic Senators: Barbara Boxer (Calif.), Richard Bryan (Nevada), Byron Dorgan (N. Dakota), Russell Feingold (Wisc.), Tom Harkin (Iowa), Barbara Mikulski (Maryland) and Paul Wellstone (Minn.) Sen. Peter Fitzgerald (R-Illinois) again voted "present", while Sen. John McCain (R-Arizona) did not vote.
Republicans voted 207–5 in favor, with 10 not voting. Democrats voted 155–51 in favor, with 5 not voting. Independent Rep. Bernie Sanders of Vermont voted no.
https://en.wikipedia.org/wiki/Gramm%E2%80%93Leach%E2%80%93Bliley_Act#Notes
This will happen to your proposal given a long enough timeline.
Capitalism is not a stable foundation to build civilization on.