Modeling a Wealth Tax

Re:Modeling a Wealth Tax by defertoreptar on Tuesday August 18, 2020 @11:03AM (#24199485)

That's one way to look at it. Another way is to say that if wealth tax offsets growth exactly, then the government has taken the difference of what your wealth would have been after 60 years. For example,

  1 - 1000*(1-.01+.01)^60 / [1000*(1+.01)^60] ~= 45% taken from the government

Which is the same as the author of the article found.

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Re:Modeling a Wealth Tax by nindalf on Tuesday August 18, 2020 @11:31AM (#24199894)

Except the article implies that you might be nearly destitute. The article seems to imply that you'd have very little wealth left, even though that's not the case.

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Re:Modeling a Wealth Tax by defertoreptar on Tuesday August 18, 2020 @11:41AM (#24200022)

I just read the article again, and I don't see any language in it to support the idea that it's implying you'd have any less wealth than it calculates that you would.

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Re:Modeling a Wealth Tax by RSchaeffer on Tuesday August 18, 2020 @01:41PM (#24201686)

Then you're being far too generous with your interpretation

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Re:Modeling a Wealth Tax by arnvald on Tuesday August 18, 2020 @12:03PM (#24200339)

I'm not saying his math is not correct, I'm saying it is misleading that he does not even mention growth at all. He presents carefully selected numbers, ignores tons of stuff around (growth, but also the fact that wealth would be marginal tax) and then makes a bold claim that people will believe in.

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