Standing in his way is a bow-tie-wearing physicist who loves classical Japanese poetry and is heir to a Berkshire Hathaway fortune. Charles Munger Jr., son of the late billionaire investor Charles Munger, has already poured $30 million into opposing the California governor’s efforts to revamp the state’s congressional districts in favor of Democrats. Munger is a Republican, but his crusade is far more about fighting gerrymandering than party preferences.
Because wealth over that value does little to improve your quality of life (actually far less than that, but this is a generous cap).
I wish we lived in a world where people were arguing where the 100% tax kicks in, if it’s at 100 mil or 200 mil, etc. If that was our most divisive issue we would all have 4-day workweeks, guaranteed universal basic income, and maybe even dental care we can afford.
Also depending on how you calculate that it’d basically be the amount a machine shop or small factory is worth.
Hopefully the rest is owned by the workers of that factory. Zero tax then.
And what does what you wrote have to do with the specific number OP wrote?