All gained excess goes into state budget. T
his is for each and every individual in the country regardless of age or status.
Includes banks, stocks, crypto, and money holding like Venmo et al.
Aware that schemes may be set up offshore or online, occasional investigations will be taken at FBI’s discretion.
Physical property doesn’t count, physical cash is impossible to record so therefore disregarded.
PS
Nobody needs more than 50 million dollars. Especially not when it’s forcing inflation. I would call this the “Can’t take it with you” law or else colloquialize it as something about sucking all of the blah blah blah out of the blah blah so no one else can get any. Working on that.