The trouble with picking an arbitrary number like 50 million is the slippery slope it creates. Today we start with 2% over $50m. Tomorrow we will see a report t

The trouble with picking an arbitrary number like 50 million is the slippery slope it creates. Today we start with 2% over $50m. Tomorrow we will see a report that lowering it to $40m will help fund health care/fund climate change/(plug any socially acceptable agenda here) and the change will be voted in. A few decades after we'll wake up in an economy that will tax you heavily unless you're sharing your condo with your parents and a grandma [0] because someone has decided that it's an acceptable level of wealth. [0] Anecdotal, but that was the way to get an apartment for my parents' generation back in Soviet Union and I really don't want to see it here again.