> The floor of the wealth tax doesn't really refute the central argument, because it just means that it impacts anyone who owns a business worth over $50 millio

> The floor of the wealth tax doesn't really refute the central argument, because it just means that it impacts anyone who owns a business worth over $50 million. This is a LOT of businesses in the US! We can actually look at the Fed's Survey of Consumer Finances and get a reasonable number here. Household's with >$50m are top 0.07% percentile and there are approximately 84k of them out of around 130 million households.... [1] https://cdn.dqydj.com/wp-content/uploads/2017/09/millionaires_in_america_5_10_2016.png https://cdn.dqydj.com/wp-content/uploads/2017/09/millionaire...