Modeling a Wealth Tax: http://paulgraham.com/wtax.html
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Let's look at what a 1% US wealth tax would mean for Jeff Bezos. He founded Amazon 26 years ago. A 1% wealth tax means he keeps 99% of Amazon stock each year. .99^26 = .77 = 77% So he'd currently be worth $145B instead of $188B. You're saying he would have left the US?
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"Even a .5% wealth tax would start to keep founders away from a state or country that imposed it." What did you mean by that? Thought you were saying there would be a chance the Bezoses (the great founders) would leave the US / not start startups if we implemented a wealth tax.
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Look at what I wrote. I didn't say it would cause people already there to leave. And I didn't say it would be decisive for everyone at that rate, just that it would start to influence people's decisions.pic.twitter.com/8HYEPvJbh2
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