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Most FIRE people aren't going to have $50 million plus and be hit by this.

• everfrustrated 5mo ago
  It will never stop at $50M. Once the law is created it is sooo much easier to just lower the threshold. Even if not lowered, in 30 years inflation means it will capture a whole different number of people - maybe you. Maybe it will bankrupt your children.
  • throwaway173738 5mo ago
    30 years is plenty of time to change the law. We change the tax code all the time. In 2020 or so it was recently amended to substantially increase the standard deduction. Slippery slope is a fallacy unless you can prove the pattern already exists.
  • topaz0 5mo ago
    "taxes only ever go up" is an incredible belief to hold in a historical run of decades of tax cuts.
• satvikpendem 5mo ago
  I said on HN including those who are FIRE, where the net worth of the average individual here is much higher than the average and some do, yes, have $50 million or more in assets.