How is 1.76% a year peanuts? Isn't the assumption of "FIRE" that drawing 4% of your total wealth can last a life time? 1.76% would be paying 44% of your annual

How is 1.76% a year peanuts? Isn't the assumption of "FIRE" that drawing 4% of your total wealth can last a life time? 1.76% would be paying 44% of your annual draw to the government. This would substantially alter the calculations of how much wealth you need in order to retire off of your wealth. This also seems to encourage people with large net worth to constantly find gains above 2%, which is not easy if one wants to be conservative. With inflation at about 2% a year, the real loss to your wealth is getting close to 4% a year.