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Nobody with $15 MM is sweating a 0.4% wealth tax.
That's just laughably incorrect. Tax starts at $120k on $30m, which a lot of people will be holding as stake in their own companies or personal investments. Many people would wind up owing millions more than they ever hold in cash. It's insanity.
Who do you know with $30MM that doesn’t grow it by > 5% a year with next to zero risk?
People who hold it as the stake in their own company, which happens to be in an industry that's having to buckle down under COVID?
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