News for hackers. Stuff that matters.
Re:Modeling a Wealth Tax by KarlKode on Tuesday August 18, 2020 @04:20PM (#24203842)
> Most of the super-wealthy don't achieve that wealth on the back of the S&P500

Are you saying that most of the super-wealthy do not (at least to a certain point) diversify their investements? Or is your point that most super-wealthy individuals acquired their wealth themselves by investing (or founding) a single corporation themselves?

Re:Modeling a Wealth Tax by bhupy on Tuesday August 18, 2020 @07:16PM (#24205466)
Most of the super-wealthy derive their wealth from owning significant ownership in extremely valuable corporations. Outside of hedge fund managers and Warren Buffett, most of the super-wealthy do not have sufficiently diverse investments whose annualized returns may cover the annual wealth tax bill.