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A comment on Modeling a Wealth Tax. Parent comment

Re:Modeling a Wealth Tax by lokar on Tuesday August 18, 2020 @03:21PM (#24203104)
If you can borrow against shares to buy a big house, mega-yacht, etc you can do so to pay your taxes.
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Re:Modeling a Wealth Tax by bhupy on Tuesday August 18, 2020 @03:50PM (#24203491)
No, your argument would be like saying "if you can borrow against shares to buy a big house, mega-yacht every single year, you can do so to pay your taxes".

PG's essay shows that the wealth tax compounds every year. That just doesn't happen with consumption. Bezos doesn't have 20 homes and 20 yachts.

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