@StarkRG @donhawkins @thejessiekirk @Binder I know it's a disingenuous argument when SoaceX uses it, but we've collectively had these conversations before.
The idle investor class makes that argument to voters and enough of them misunderstand and accept it that nothing comes of it.
@gooba42 @donhawkins @thejessiekirk @Binder
It forces enormous, powerful corporations to not be controlled by an individual who retains controlling interest in it. Or, at least, *strongly* disincentivizes them from retaining that control. The cap as I've described it wouldn't preclude someone from owning over half of, say, Apple as long as they bought it before it was worth $250 mil, but since *all* income would be taxed, they'd run out of money. They'd control Apple, but would live as a pauper