News for hackers. Stuff that matters.
Re:Just Be Rich by ameister14 on Tuesday April 13, 2021 @10:33AM (#26792671)
Part of your article is a bit confusing to me - when you say this: "Strange. No one is proposing a tax that would apply to all your assets."

Are you saying that the wealth tax proposed does not apply to assets and only applies to actual liquid cash holdings?

Re:Just Be Rich by nindalf on Tuesday April 13, 2021 @10:49AM (#26792924)
That wouldn’t apply to all your assets, meaning the tax would be assessed only on wealth above the threshold.

PG “simplifies” this in his example by asking you to consider a tax that would have a threshold of 0.

Re:Just Be Rich by ameister14 on Tuesday April 13, 2021 @11:28AM (#26793596)
Got it, that makes sense.
Re:Just Be Rich by beervirus on Tuesday April 13, 2021 @10:44AM (#26792849)
That is, of course, exactly what Warren et al. are proposing.