The one after it doesn’t seem awful, either. May need some automatic inflation adjustments, though.

At this point, I’d be fine with any number between $10M and $1B today, and then like you said lock it to inflation. And tax all annual income above some set amount at 100%. Don’t like it? Reinvest more money into your company, pay your employees more, or donate more instead of taking such a ludicrous salary. Abolish yachts.

What actually happens is the rich move to Dubai or similar. We tried a wealth tax in Norway and all the useless real estate “entrepreneurs” moved to Switzerland. To be fair I haven’t really heard of anyone who’s actually not easily replaceable moving, but this limit is way more radical than a wealth tax.