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I was thinking about this and I'm actually curious how that would work in practical terms.
Let's think of somebody with a large company, whose wealth is not in cash (not the largest sum, at least) but mostly on shares of their companies. Once their shares raise over 200 million... What? Do they sell the shares to pay 100% tax on the surplus? What does that mean for companies that, due to the economies of scale and it's costs, need to be massive to be competitive? (Chip manufacturing, automotive, aerospace, civil engineering...).
To be clear, I don't think it's possible to become a billionaire without being immoral, and to hoard more than you and your children need for the remainder of their lives is also immoral. Not arguing that, only how that could be fixed
Yes, they sell the shares.
If companies need to break through the roof to compete then they'd just have to not compete.