If you start a successful startup in your twenties, a 2% wealth tax with a $50 million threshold means that over the course of your life the government will take 65% of your stock. Why so much? A wealth tax compounds. http://paulgraham.com/wtax.html
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Meaning that the asset appreciates? For sure you are right in that case, I was just responding to the blog post's case.
The essay explicitly says not only that the asset appreciates, but exactly how much.
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My mistake. Absolutely right. I misread shares of stock as nominal value.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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