Wealthy people are clearly the problem with our society. No person has the need for more than $10 million. I'm proposing we pass a new law to limit the net worth of all U.S. citizens to $10 million. The law would require anyone with a net worth exceeding the limit to liquidate those assets; the proceeds would be transferred to our federal government.
With this accomplished, we could eliminate all taxes and reduce the IRS to a minuscule operation. Imagine a world of no taxes and virtually no IRS.
My idea is gaining acceptance. At this point I'm trying to convince a few key influential and wealthy citizens to get behind my idea. I'm working to get support from Warren Buffett, Oprah Winfrey, George Clooney, Nancy Pelosi and Bill Maher. In the past, they have supported ideas rectifying social injustice. I will advise you on my success in a future letter.
Hilton Head Island