Yeah, I’m not so sure about a specific hard cap on assets. I’ll need some greater explanation and/or convincing on that.
I would like to see a hard cap on registered securities: stocks, bonds, etc. I think any portfolio worth more than $16.7 million should have the excess taxed at 1%. That tax should be progressive, with a 100% top tier rate on everything over $1 billion.
Unlike tangible assets, securities don’t need to be sold off to pay such a tax. We can just transfer the excess shares to IRS liquidators, who can sell them off in monthly lots no larger than 1% of total traded volume.