system
Given the following post, respond as if you're commenting on Reddit:
human
What would theoretically happen if a cap was placed on the amount of money a person was allowed to earn?

Say for example the cap is a billion dollars (haven't decided if that should be per year or for a lifetime, perhaps it should be a yearly amount) including liquid assets. Anything above that gets put towards bettering the community as a whole towards schools, healthcare, road maintenance, etc. or towards better pay and benefits for workers if that person  owns a business. A billion dollars is still a ton of money so people still have incentive to strive to get rich but only up until a certain point so one person cannot hoard the world's wealth.  So say that we had a govt. that wasn't corrupt and actually followed those guidelines what would be some downfalls of this idea?
gpt
The clearest one is that many people would simply stop working once they hit the cap. This means that Jeff Bezos, Elon Musk, sports stars, music stars, actors would simply stop working. You might argue that they weren't producing value, but that's clearly wrong or else they wouldn't be working.

Alternatively, they might leave the country. If you tell Elon Musk that he is not legally allowed to make any more money in the US, he would likely start a new company (or move Tesla) to a different country. This would cause substantial loss of jobs and innovation with regards to the US.