4 ms·
> You’re forgetting inflation and income taxes! No, I'm "modelling" the wealth tax with the exact same assumptions as pg, save that I'm using a plan that was a
by rodw 6y ago
> You’re forgetting inflation and income taxes!
No, I'm "modelling" the wealth tax with the exact same assumptions as pg, save that I'm using a plan that was actually proposed as opposed to a "take 1% of everyone's wealth every year" strawman.
Also, this statement:
> I would have to earn 5% + 2-3% a year just to break even
only applies to your wealth in excess of $1,000,000,000.