3 ms·
Paul 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 ca
by timoth3y 6y ago
Paul 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