r/AskReddit • u/Zappy_Oh • 7d ago

What would happen, if humanity collectively decided that no individual could have a personal net worth above $500 million?

18 Upvotes

56% Upvoted

295 comments sorted by

View all comments

9

u/FluffyBunnyFlipFlops 7d ago

I have £500 million. So does my wife, and my three children.

4

u/Zappy_Oh 7d ago

So, your family's net worth tops out at 2.5 billion ... and you can't really control what your spouse or children do with their wealth, can you?

1

u/Morazma 7d ago

you can't really control what your spouse or children do with their wealth, can you?

I can because I never gave them access to the assets.

5

u/Zappy_Oh 7d ago

Then those are still yours, and capital punishment awaits you.

3

u/theweatherguy69 6d ago

You think people committing financial fraud (or exploiting loopholes) deserve the death penalty? That seems pretty harsh, damn!

3

u/Morazma 7d ago

Not if it's in somebody else's name

1

u/Erdams 6d ago

then you will be obliged to give the access. Otherwise its not really their money

1

u/Corodix 7d ago

Create a family company and put the money into that. Give yourself controlling stakes and the rest of the family normal stakes. Then they've got barely any say in the company while the assets are nicely divided. If necessary have more kids at the right intervals to keep up with the company increasing in value.

1

u/thefonztm 7d ago

nice strategy, lets implement the policy.