State that after X million dollars in bank, societies is not interested in making that specific individual richer.
I have yet to see a good, non-ideological argument as to why this would harm the economy.
Someone unwilling to work correctly even for the maximum amount is probably someone we don't want to have in a position of power.
State you can't have more than X dollars in the bank. Okay, can I use my money to buy things (e.g. property)? Should you value my property at the market value as "dollars in the bank"? What if I buy my property and it appreciates, would it get confiscated? Would police come to my home and forcibly move me to a home below the cap?
Can I own or invest in a business? Do we mark that at "market value"? Who sets this market value? What happens if my business does well, too well in fact and now my market value is more than the allotted amount.
It's impractical and its not entirely clear what "million dollars in the bank" really is. The fact is that very few wealthy people just have money sitting around in a bank. And when you try confiscating other types of wealth you realize how impractical it is. Income cap becomes equally complicated when you count income as money a business you own made and reinvested in itself
It’s not succinct to suggest that the wealth hoarding cannot be taxed. It’s not wild. It’s not untenable.
The onus of taxation being thrust upon the individual has been following a characteristic curve since the Great Depression. It was happening prior to that, with only WWII levelling it out.
Wild and untenable ideas are only wild and untenable because of the suffocating ideology that instructs you as such.
People, in general, do not work for free.
Billionaires are not magical unicorns, and in fact are byproducts of nothing more than birthright, chance, and a culture that cultivates them.
Also I have a huge doubt that billionaires keep working for the money incentive. Once you get that rich, it is not about money anymore.