I recognize fully that this approach won't do anything about other ways in which people become wealthy, principally ways involving wealth deployment and asset management. It is not designed to address those forms of financial activity. It would, nonetheless, be a great starting point for helping America's shrinking middle class to rebuild itself and for bringing corporate executive salaries more in line with the salaries paid executives in other sectors critically in need of high talent, particularly government.
With respect to investment income, one suggestion I completely agree with is taxing capital gains and money inherited by individuals as ordinary income - every penny thereof - unless they reinvest those gains within a reasonable time frame in some way that benefits society. One of those ways would be by depositing said gains in a POPE income trust account - the Third Leg of the system.
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