These comments and the article show a remarkable misunderstanding of a wealth tax. I'll focus on just the article. If, as wealthy person, you can't make about

These comments and the article show a remarkable misunderstanding of a wealth tax. I'll focus on just the article. If, as wealthy person, you can't make about 5% each year to cover that top tier of tax, I think it's totally fair to tax that wealth. That money is sitting in an account doing nothing and that person's additional contributions to society are near zero. Having that money invested in an index fund basically covers that 5% in the long run. It's unbelievable how selfish you would need to be to be upset about paying a wealth tax. If you had hundreds of millions of dollars... What exactly is left that you can't afford to buy? As the article implies, all the wealth comes at once up front - so you deserve to keep all that wealth for some best case one time remarkable burst of effort and genius or worst case accidental lucky windfall while the rest of your peers and community work tirelessly to earn a living wage?