I’ve always liked the idea of the cap being an immediate loss of any legal property protection.

This would not be through any process, they simply instantly legally cease to have any property rights anytime they cannot prove their net worth is below the limit.

Any member of the public can reclaim any piexe of their ex-property, until the not-quite-billiomaire gets a court ruling confirming their not-a-billionaire status.

Then the not-yet-billionaires can figure out how to constantly stay comfortably below the limit.

Or…they can file an updated wealth disclosure every time they attempt to keep anyone from walking away with any piece of their former property.

If they want to avoid the inconvenience of their yachts, cars, pets, plants, fences, lamps, and television sets being repossessed, they can negotiate with their employees unions for collective ownership in good faith, instead.

It’ll be fun to see how many of them are too stupid to take a good deal, and lose their stupid toys.