I missed a zero, but you missed the point completely. A wealth tax is simply about higher taxes for those with assets. The compounding nature of that tax reduc

I missed a zero, but you missed the point completely. A wealth tax is simply about higher taxes for those with assets. The compounding nature of that tax reduces the taxes over time so there is nothing to complain about in terms of "compounding". This seems way less egregious than property taxes, which don't go down, are assessed regardless of how much equity the owner has, and are directed at assets that often have far less liquidity than stocks.