PG is assuming the stock doesn't grow at all in this article (in 60 years!). Let's say it grows at 8% a year, which is pretty conservative. If you started at $1

PG is assuming the stock doesn't grow at all in this article (in 60 years!). Let's say it grows at 8% a year, which is pretty conservative. If you started at $1 million, with a 1% wealth tax, at the end of 60 years you would have $55 million. Warren's plan was a 2% wealth tax over $50 million. Let's say you start at $50 million, and that grows 8% a year, and you get taxed 2%. At the end of 60 years, that's grown to 1.5 BILLION.