Creating a Hypothetical Wealth Ceiling

I don't listen to Diary of a CEO too often as much of it is "hustle culture" nonsense but every now and then he puts out a good podcast. This one got me typing after listening to it so I had to post my thoughts.

If we were to follow Gary’s proposal (assuming it succeeds), wouldn’t that push big corporations to think long term rather than prioritizing “growth at all costs”? For example; instead of Amazon being a single entity that owns its entire distribution network, AWS, and various media assets, wouldn’t it naturally break itself apart to avoid high taxation? Rather than one massive conglomerate controlling everything, we’d have several smaller, yet still significant, companies.

Amazon’s distribution systems, for example, could be further fragmented, creating multiple independent logistics companies. AWS would compete on its own, without Amazon’s backing, just as Microsoft’s and Google’s cloud services would operate independently. I don’t think imposing a ‘ceiling’ on extreme wealth accumulation would deter true entrepreneurs. Instead, it would separate those who create for the sake of innovation from those who simply seek to accumulate wealth. Sure, some might move to Dubai, but if 100% of the world’s richest people did, would we really panic? Would innovation suddenly stop? At some point, do we just say, “Good riddance”?