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Modeling a Wealth Tax
- timoth3y 6y agoPaul leaves out one fo the most important numbers in this model. The threshold. EW's proposed wealth tax only applies to the money you have above $50M. You can argue it's bad policy, but it seem pretty disingenuous to argue that being taxed on the amounts they earn above $50M would be demotivating for founders.
- lettergram 6y agoI think the argument is really people would just leave said state. I know I would, even if there isa high threshold. California is trying to put forth a law that will apply wealth taxes 5 years after you leave. No way am I going to risk moving to California then, when Texas has much fewer taxes and ones that aren’t applied after I leave