alt Hacker NewsIt's only a tax on wealth above $50m. If she ever reaches that level of net worth, I highly doubt she'd have trouble paying a 2% tax on it.
The 1935 Revenue Tax was essentially a wealth tax and it brought great levels of prosperity as well as continued entrepreneurship
> If she ever reaches that level of net worth, I highly doubt she'd have trouble paying a 2% tax on it.
The point is that politicians (and political influencers) have a habit of proposing thresholds for taxation on rich people that manage to stay above their own personal level of wealth (or income). It comes across as self-serving.
The thresholds should have some actual calculation behind them that doesn't appear motivated by the speaker's personal situation.