I am not talking about compounding interest. I am talking about exponential growth and loss. The startups that make many founders wealthy experience exponential

I am not talking about compounding interest. I am talking about exponential growth and loss. The startups that make many founders wealthy experience exponential growth. The wealth tax is exponential (look at the formula in the essay and note the exponent). Compound interest is an unrelated example of exponential growth. income tax and capital gains taxes are not exponential. You don't use an exponent when calculating income tax. >It doesn't mitigate the miracle of compounding growth any more than a capital gains tax. The point of the essay is that a 1% wealth tax over 60 years is equivalent to a 45% capital gains tax. If you own a stock that doesn't pay a dividend, you don't pay capital gains taxes till you sell the stock. Are you aware of that? Thanks for helping me to crystalize my ideas on this topic. On a personal level, I am concerned you deceive yourself and that you have resentment of wealth and success that blinds you. I implore you to seek guidance and help.