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A comment on To Understand Rising Inequality, Consider Janitors. Parent comment

Re:To Understand Rising Inequality, Consider Janitors by closeparen on Monday September 04, 2017 @04:13PM (#15170578)
Consider, for example, that we do exactly the opposite by providing tax shelters for retirement savings, and that this is the only way grandparents get to retire.
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Re:To Understand Rising Inequality, Consider Janitors by sokoloff on Monday September 04, 2017 @08:38PM (#15171737)
Yes, but 25-70 basis points of wealth tax is order of magnitude the same as mutual fund expenses. (I don't say this lightly, as I believe seizing of wealth to be a serious matter, worthy of careful contemplation before implementing such a plan.) I believe a modest wealth tax like this would have a subtle drag on wealth accumulation which is beneficial to society.
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