Why so greedy?

Cap it to $12k/a, the average global personal income.

> A wealth tax than caps one's inflow to something like a million a year makes a lot of sense. To all the billionaire sympathizers

Perhaps the "billionaire sympathizers" are people who can manage to see that the bar for what is considered an unacceptable amount of wealth will keep being revised lower and lower until it affects them. Here you are already proposing that a person shouldn't be allowed to earn more than a total of a million dollars in income every year, which caps one's lifetime wealth accumulation at $40-60M[0]. Which would make anyone able to achieve anywhere close to that sum as wealthy as today's wealthiest persons. After which the next person will suggest that such a thing shouldn't be allowed for the betterment of society.

0: assuming you can start earning that much starting at age 20 and you intend on retiring between 60 to 80, so obviously the range can go up or down a bit.

>There will always be people who value intrinsic incentives and even more so when there is a lack or limitation of extrinsic ones. Society will do well to structure itself primarily around such people.

Europe has developed no new big companies in the past two decades precisely because this isn't true. The vast majority of successful companies and products are developed by people motivated by money, and if you try to prevent them from being rewarded for their hard work then they just go somewhere where their effort is more welcome.

1st place: $1 million with my work running on billions of devices

A Very Distant 2nd place: $100 million and a beautifully framed picture of my masterpiece, The Conjoined Triangles of Success

Or maybe the difference between doing work, and controlling humans by convincing them that what they're doing is "work".

There is a big difference between 'needs' and 'wants'.

I'll defend the argument no one 'needs' more than 1.5 mill per year.

I agree with you greed is endless and lots of people want more and will rationalize their hoarding while others, often in their own communities, suffer.

Opponents of obscene wealth/income inequality are typically not motivated by envy – that is your own projection.

Interesting vote-to-downvote ratio my comment got. Seems there are a lot more people with anti-libertarian beliefs hanging out at HN at the moment than there are people who lean libertarian.

Since it was not my intention to engage in ideological battle (you'll notice I framed it as "good for your soul and peace of mind" rather than make any kind of political argument for it), I'll leave it there and not reply to any of the answers I got. But it was quite enlightening to see how people reacted to that comment.

Why not?

That seems to be correct. You can see the hours disclosure here: https://projects.propublica.org/nonprofits/organizations/460...