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