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[–] 6 points 3 days ago*

They can liquidate part of it. If they liquidate all of it then most will disappear into thin air.

If you're Elon Musk and own a large part of Tesla and SpaceX and you sell all your shares, both companies crater HARD.

Just remove stock from anyone who owns over 1% of any publicly traded company and nationalize all index funds' assets (yes, that includes retirement funds). Problem solved.

Or just cap total wealth at ~5 mill, indexed to the median income so there's no need for legislation like with minimum wage.

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