4 ms·
I think pg's original post was a bit tone-deaf, but personal attacks are poor form. I'd also say that the good-faith interpretation of the argument does in fact
by andreareina 6y ago
I think pg's original post was a bit tone-deaf, but personal attacks are poor form. I'd also say that the good-faith interpretation of the argument does in fact take growth into account -- a 1% wealth tax would leave you with ~55% of the wealth you would have had if not for the tax.
(BTW it seems there've been some changes made to pg's post[1][2])
[1] http://web.archive.org/web/20200818133017/http://paulgraham.com/wtax.html http://web.archive.org/web/20200818133017/http://paulgraham....
[2] http://paulgraham.com/wtax.html http://paulgraham.com/wtax.html