alt Hacker NewsBut when you liquidate assets you... pay tax! Capital gains tax. So you liquidate, pay capital gains, and use the proceeds to pay a wealth tax?
But when you liquidate assets you... pay tax! Capital gains tax. So you liquidate, pay capital gains, and use the proceeds to pay a wealth tax?
In the contrived example, the 5% return was "risk free" so assume it was something like CDs, no capital gains.