It's very unlikely any mainstream political class is going to take serious action anywhere to forbid them, but a few take action to limit them. Too few I think.
The (mis-attributed to Lenin and Stalin) quote "The capitalists will sell us the rope with which we will hang them." is quite big in this. A little humility and a lot more tax-paying could save the trillionaire classes from the tumbrils but they lack the emotional intelligence to see it and as long as they make a few thousand millionaires below them they have useful idiots to decry any changes.
On the plus side, workers are in short supply. The future needs more people who can do things other than thinkers, and robots (bless their hearts) don't spend money as consumers so the other side of the billionaire equation demands new people to come into spending class: this means Africa, Asia and South America levelling up.
"Ok how about this: No more billionaires. None. After you reach $999 million, every red cent goes to schools and health care. You get a trophy that says, “I won capitalism” and we name a dog park after you."
If there isn't the political will to ramp up taxes on extreme wealth, I'd be interested to know how much effort there is in pitching legacy projects (more exciting than dog parks) to those with the means to execute them. Like crowd-funding, but for major developments and with further tax incentives if necessary.
It wasn't pitched to him, but in Australia, a wealthy individual put Hobart (more) on the map with a now famous contemporary art gallery complex which is an excellent drawcard for the state.
He's a contrarian and it's gambling money not tech bro entrepreneur. Mind you MONA is fantastic. Two time visitor and hope to be there within a year or two again.
> A little humility and a lot more tax-paying could save the trillionaire classes from the tumbrils but they lack the emotional intelligence to see it
I think there is some research which shows that as you get rich, you lose emotional intelligence (empathy towards others). So maybe we should consider being rich a health hazard.
The (mis-attributed to Lenin and Stalin) quote "The capitalists will sell us the rope with which we will hang them." is quite big in this. A little humility and a lot more tax-paying could save the trillionaire classes from the tumbrils but they lack the emotional intelligence to see it and as long as they make a few thousand millionaires below them they have useful idiots to decry any changes.
On the plus side, workers are in short supply. The future needs more people who can do things other than thinkers, and robots (bless their hearts) don't spend money as consumers so the other side of the billionaire equation demands new people to come into spending class: this means Africa, Asia and South America levelling up.