I am not arguing for taking all of it. You are a sharp financial guy, if someone plopped 50 billion in your lap, at a 38% tax rate, that leaves you with 31 billion. What could you do with that in say 20 years? Should a single, unelected person be allowed to wield that much power? Currently they are, and the world hasn't come crashing to a halt, but what happens when we have a Paris Hilton type trillionaire.
I actually brought the individual up to contrast that to the 200k bit LA threw out, as that is not what Obama was talking about. I would further argue though that financial institutions can grow too big. There you have a mere billionaire at best sometimes controlling hundreds of billions of assets.
I should further point out that this makes Obama a hypocrite as the federal government has WAY too much power. On the other hand, at least he is elected. Just my thoughts, tear into em, I am stoned.