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This is a stupid idea. The ultra wealthy make a tiny portion of their income through wages- that's kind of the entire point and problem of capitalism. It is ownership of capital that drives the income of the ultra wealthy. Jeff Bezos's salary from Amazon is only $80,000 per year, and he is one of the richest people on Earth. Maximum wage laws only hurt workers, while not impacting the ultra wealthy at all. When you see the giant compensation packages of CEO, very little of that is actually in wages. It's in stock in the company, and other non-cash benefits. Even if you restrict this practice, that wouldn't have done anything to prevent the wealthiest people on Earth from getting where they are since they are all founders or descendants of founders. I can't think of a single billionaire who got there from wages or any kind of compensation working for someone else- it's all ownership of capital.
I don't think you're helping the cause. A perfect solution is not the goal, and a good idea that fails to address the targeted problem is still a good idea.
You can at the same time think:
Don't be a bad progressive by discouraging progress. "Tax wealth not work" is a great slogan to unify the working class. We should also probably tax ultra-high income individuals as well.
The ultra rich own assets. Their wealth does not come from monopoly money from a paycheck. So you can’t tax them unless you go after unrealized gains.
You absolutely can tax assets. Idk what your point is here, are you anti-taxing the rich? Or are you hyper fixating on the fact that I'm also pro-taxing ultra high income earners more? I don't get your comment.
I'm against taxing unrealized investment gains.
Okay, cool, that's not the question. Are you for taxing the ultra wealthy based on their wealth or against? Are you saying you're against this specific form of wealth tax and because you believe that's the only form of wealth tax you're against the whole concept? What's your fundamental position and point, because I'm not proposing a bill here, I'm taking to strangers on the Internet.