> Why? He points out [the non obvious to many fact] that wealth tax kills compounding.
His analysis was deeply flawed to the point of being disingenuous. For one, it assumed that your wealth never grows once you get it. And for two, it completely forgot that there is a baseline on the wealth tax (the current proposal is at $50M).
So no, it doesn't kill compounding, it just shrinks it a bit.
His analysis was deeply flawed to the point of being disingenuous. For one, it assumed that your wealth never grows once you get it. And for two, it completely forgot that there is a baseline on the wealth tax (the current proposal is at $50M).
So no, it doesn't kill compounding, it just shrinks it a bit.