So According to Credit Suisse, global wealth reached a total of $400 trillion in 2019. If we assume, hypothetically, that a wealth cap of $500 million were implemented and that all wealth above that amount were redirected into public pensions, we can estimate that a significant amount of wealth would be affected, and this would cover all taxes and be enough money leftover to cover a retirement age of 50.

For example, if we assume that the top 1% of global wealth holders own approximately 44% of all wealth (as estimated by Credit Suisse), then we can estimate that this group would hold approximately $176 trillion in wealth. If we further assume that a wealth cap of $500 million were applied to this group, then we can estimate that approximately $173 trillion (or 98% of their wealth) would be redirected into public pensions and taxes, and invested into addess the factors that cause the issues of poverty and inequality in the first place such as education, healthcare and employment opportunities.

We would also have to stop the wealthy oligarchs from not be able to move their assets overseas and invest in non taxable assets. There would have to be a form of control stopping them from doing so.

We are also going to have to assume that this policy wont lead to any disruptions in investment strategies and market volatility.

If these trillions were distributed equally among all individuals, there would be no more people that would be struggling to meet basic needs such as food housing, and healthcare.