"You want to limit billionaires’ (1) ostentatious consumption, (2) political influence, and (3) media power. The need to limit (or thus to punish by exorbitant taxation) ostentatious consumption is to maintain a society where huge differences in wealth, while some may be unavoidable, are not displayed in front of everyone and cannot become the object of adoration or of hate. The goal of (2) is to make billionaires (which despite everything will still have disproportionate political influence) more like other members of community or nation. We are not talking here of democracy but of isonomia, a much better term to indicate an approximately equal influence of all individuals in political decision-making. Today’s so-called democracies are places without any semblance of isonomia precisely because the political power of the rich is unconstrained. Finally, (3) is needed for the same reason as (2): to limit the power of a few. A pedagogical tax branko2f7.substack.com/p/a-p…