Some folks think that individuals should not be allowed to own assets over a certain amount, to prevent wealth from accumulating in the hands of a few.
I'm not in favor of it, but I was wondering if anyone else here is. And if so, what should the cap be? I have heard $1M, but I don't think that's at all workable, as middle-class houses will cost you half of that in a lot of places. What is an amount that would work?
Any thoughts?