While I agree with your initial assesment Skybird, I must concur with Snestorm in that this might be more difficult than it seems. It is not unusual to see someone you would consider "rich" by the external look have almost nothing on paper. For example, I know a guy whose industry is owned completey by a company whose only shareholders are the wife and childs, through another company (A family assets one). He has a regular wage (About 40.000 Eur yearly) but otherwise nothing else belongs to him. Then the whole benefits of the industry, which might raise up to several million euros a year, go to the other company via the shareholders. The guy is rich, and drives alternatively a Porsche 911 or an Audi S8, but if you would put him a fine according to his incomes tax yearly bill, then you would end up still with a sum that could make him laugh.
Then there are also lots of people who work a lot with black money (Money never revealed to the tax administration) and are on paper poor as rats, while they enjoy in fact a high living standard.
In conclussion: The idea is good and fair, but ultimately too difficult to put in practice. Not that I say we shouldn't try it, but the results will probably be less than satisfactory.
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One day I will return to sea ...
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