[1] https://www.equilar.com/reports/83-equilar-associated-press-...
Basically, Fortune 500s are probably minting about 100-200 1 percenters a year. A drop in the bucket compared to inherited and capital gains wealth.
Do you have a source for either of these claims? I can’t seem to find a clear one, especially for the latter claim.
Influenced. Not modeled on. Every republic since Cæsar has been influenced by Rome, including but not limited to its discussion on the relative benefits of monarchy, oligarchy and democracy.
There were very few republics between the fall of Rome and 1776. All basically local governments and very feeble.
Not a republic, not technically, but the English Parliament, no doubt. Bicameralism, impeachment, an executive cabinet--these did not exist in the Roman Republic.
Of course, English democratic tradition was influenced by Rome's. As was America's. But it's a stretch to say the U.S. was "modeled" on the Roman Republic. It was a new system of government. (If one were to claim it was modeled on anything, it would have to be the English government.)
That said, there was some debate over the influence of Rome on early American political debates, with others citing either "classical republicanism" or the pre-English Civil War debates on the English constitution as more important influences (for example, JGA Pocock or Gordon Wood).
This isn't much different than Rome, which of course the US is modeled on.
The only solution is a wealth tax for the next 10 years which dovetails into more sensible taxation on capital gains to prevent this from happening again.
The thing is that most CEOs of Fortune 500 companies aren't even in the 1%, which requires $11.1MM in assets:
https://www.investopedia.com/financial-edge/1212/average-net...