In the interest of preserving the strength and social integrity of the American Nation I propose that in addition to an equitably progressive tax rate a limit of $20,000,000 (twenty-million dollars) be imposed on all personal assets and that any assets in excess of that amount be confiscated by the Internal Revenue Service. This would ensure the continued ability to acquire and retain reasonable personal wealth while eliminating the harmful potential of excessive wealth and the emergence of a financial aristocracy which could operate to undermine the nature of our democratic republic. In addition to the above, I propose that laws be enacted to finance all federal and state elections with public money and that no candidate or elected official be permitted to accept any form of contribution or gift, whether money or anything of value, from any constituent, political supporter or other person or entity. The only exception being acceptance of ordinary and unexceptional gifts from relatives or close personal friends. Any violation of this proscription shall be subject to severe criminal penalties.