Modeling a Wealth Tax: http://paulgraham.com/wtax.html
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Still too weak.
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Still completely ignoring the return on capital? "A wealth tax compounds", yes, so do dividends.
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I think you need to get into the implications of that threshold
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Paul, interested to hear what you think about a heavier Estate Tax to reduce inter-generational wealth rather than a Wealth Tax that forces the sale of current assets?
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Add some of the obscene numbers we're talking about so we can clearly see how many billions of dollars—more than they can ever spend—that founders would still keep.
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a request paul - when you make a new post start it with "new post! ...." otherwise I always think you're just posting old content that you thought relevant, and I often miss out on your new post (I'll try to learn myself from now on, but would be useul for others i think)
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