the issue is there really isnt a true billionaire its all in unrealized gains. no one has billions sitting in bank accounts, its all in the markets where they get less than half a percent of interest on the loans against their investments. gotta have 1.2mm for that.
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Its about being able to establish and invest in larger corporations. you could invest 10mm 9 times and still be set generationally.
The point is to have floor and ceiling on wealth.
These guys don't on anything of truly tangible value that equates to billions of dollars.
Faux billionaires
Its the biggest invisible tax on the worlds economy ever.