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The Purge, but it's only legal to murder anyone with a net worth of $1b or more. Anyone who is homeless gets to start 1 day earlier. It lasts all weekend.
Sure, this has a chance of eliminating a billionaire, but I can think of two critical errors here.
What's stopping them from just visiting/moving to an island for a weekend, month, year, or more, to prevent them from being killed?
Just because someone is dead doesn't mean that their wealth goes away or reverts to the general populous. I'm not up on how many kids Elon Musk has nowadays (nor do I care to learn about it), but he has over 10 kids, last I checked. And because it's not public record or hasn't been leaked, we don't know if any of them will inherit any of it. But chances are, they do. This then becomes something like a monarchical power problem. (I also don't recall what it's called, but there is a thought experiment where you try to determine if killing said person will be the best option to bring about a more peaceful, prosperous, and/or high quality of life in said country, if they are. We have a long line of historical events that often show that by killing one of the 'evil' persons, you do run the risk of replacing them with someone even more 'evil' than the person before them.
People on these corporate boards will clamor for the top position during a power vacuum situation. And so killing a person at the head of 'all of this' doesn't really resolve the issue at hand. I'm a dreamer, and I'm not the only one. I believe that this all boils down to the need for a grassroots movement to replace the people in power in our governments and change the systems that do not or no longer serve the majority of people well enough or at all.