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ASU2003 · 05-25-2006, 08:46 PM

I'm not sure if this should go in politics or finance, but it deals with both.

What would happen if the government forced people to spend their money after they reach a certain max (like $100 million or $250 million)? They could earn interest to replenish any money they spend that takes them under the limit, but they would have to spend, give away, donate or get taxed on anything over the upper limit.

I think it would help the economy immensely, but may cause some problems for wall street. It would flood the economy with cash, and would probably do more good than sitting in someone's hedge fund.

05-25-2006, 08:46 PM	#1 (permalink)
ASU2003 immoral minority Location: Back in Ohio	Limiting Net Worth? I'm not sure if this should go in politics or finance, but it deals with both. What would happen if the government forced people to spend their money after they reach a certain max (like $100 million or $250 million)? They could earn interest to replenish any money they spend that takes them under the limit, but they would have to spend, give away, donate or get taxed on anything over the upper limit. I think it would help the economy immensely, but may cause some problems for wall street. It would flood the economy with cash, and would probably do more good than sitting in someone's hedge fund.