Highest ELO rating a player can achieve ?
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For the maximum to be infinite points there would have to be an infinite number of people playing and an infinite amount of time so they can play. This is certainly not the case and I would bet not before 20 years you will se Carlsen beat 3100. If he continues the way he is.
The higher it gets the harder it gets to get higher so it doesn't really make sense SINCE the rating you have is based on your opponents'. For example older great chess players in history could not have a rating as high as today's ratings since there were a lot less grandmasters.
I would like to see the time when they calculate an accurate rating that is not based on opponents' strongness but on OWN strongness.
That's not possible.
In order to measure something, you need a point of reference. In weight-lifting, it is measured by how much weight you can carry. In running, it is measured by how much time has elapsed. Now how do you measure the quality of a chess player's game? There is no fixed point of reference. Perhaps when one day computers have figured out all the possibilities that may arise in a chess board, we may have a fixed point of reference against which the strength of a chess player can be objectively measured.
At the moment, the only usable way of measuring a player's strength is by comparing against another players in the pool. Hence, today's rating can only say "You are stronger than A, but weaker than B", but it's hard to objectively tell how good you really are, especially across different time and different generations of chess players.
So measuring your strength without relating it to others in the pool is currently not possible.