this post was submitted on 14 Dec 2025
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Depends. I actually fully support putting a ceiling on wealth.
The analogy I always come back to is nuclear weapons. We don't let private individuals own them. We don't make you get an atomic bomb license. We don't tax nukes heavily. We don't make sure that only the kindest and most ethical people are allowed to own nukes. We simply say, this is too much power to be trusted to one individual. No one should have that level of power.
And yet, would anyone doubt that someone like Bezos, all on his own, can cause an amount of damage comparable to a nuclear bomb? If Bezos had it in for an entire city, could he not destroy it? Could he not buy up the major employers and shut them down? Could he not buy up all the housing and force the citizens into penury? Could he not buy up and shut down the hospitals? I have no doubt that, if he wanted to, Bezos could single handedly destroy a city. And how many lives would that take? How many would drink themselves to death or die by their own hand after Bezos came in and destroyed their entire lives? How many would die from lack of resources and medical care, etc?
Bezos could absolutely, if he wanted to, single-handedly cause a level of destruction and human misery comparable to the atomic bombing of Hiroshima.
And that is a power no one should have. The only way anyone should have that level of power is through democratic elections.
This is why I support wealth caps. I would personally set the maximum allowable wealth at 1000x the median household income. In the US, this would be about $80 million USD. That's about the maximum fortune a person that actually works for wages can amass in a lifetime, if they're a very high earner, live very frugally, and marry someone of similar status. 1000x median household income is the limit of what I consider to be an honest fortune - one made primarily through your own work, rather than sponging off the labor of others.
To be more succinct, the way I always describe it is wealth is not just money, money is too abstract. Wealth is power and that degree of power should not be so concentrated in so few private individuals.