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A comment on Modeling a Wealth Tax. Parent comment

Re:Modeling a Wealth Tax by disgruntledphd2 on Tuesday August 18, 2020 @12:56PM (#24201091)
It's a problem of success though, right?

Assuming that you are incredibly successful, you may need to contribute a bunch of money (mostly from interest, not principal) back to the common good.

I really don't see Mark Zuckerberg (as an example) deciding not to create Facebook because if he was incredibly successful he'd have to pay a wealth tax. It just doesn't strike me as likely at all.

This is (sadly) Paul Graham taking a valid argument and turning it into a reductio-ad-absurdam.

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Re:Modeling a Wealth Tax by jpadkins on Tuesday August 18, 2020 @01:44PM (#24201711)
the point is Mark Zuckerberg wouldn't do it in California if there was a wealth tax. Not that he wouldn't do it all.
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Re:Modeling a Wealth Tax by disgruntledphd2 on Wednesday August 19, 2020 @04:25AM (#24208318)
I dunno, to be honest. If the Bay Area remained the same, modulo any wealth tax, then he'd probably still have come there for the talent.

It's not like he believed he was gonna end up a billionaire when he moved FB to California.

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