Not trying to troll. I really don't see your larger plan.
Look, you say you don't want to tax anyone under $10 million, right? So I'll go out on a limb and assume under your plan, no one with under $10 million would pay capital gains, or estate, or any other tax. Now all us middle class Joes can invest in the market, and maybe claw our way up to that $1million in savings so we can retire on a lavish $36k a year.
But wait. What if ... the elites and the government are as smart as me - or even smarter, and they can already see a way to corrupt this plan of yours?
Like ... what if the government, elites, and Federal reserve realized a hard limit of $10million doesn't mean much when dollars can be created out of thin air. In fact, any hard number you set is an arbitrary restrictor when the supply side of dollars is theoretically limitless. Ten million, a hundred million, five dollars - to those who control the money printing presses it matters little. They can print $3.33quadrillion right now and give everybody $10 million. Now what?
So how do you fix that - and ensure that $10million USD retains it's buying power in perpetuity, and the arbitrary wealth limit never becomes outdated?