Comment by satvikpendem
2 hours ago
> But Graham's math is only applicable to those flush with investments and with relatively small salaries from labor, so a wealth tax is only unpopular to that particular group.
That can be quite a lot of people on HN, and also including FIRE people, so I can see why it's unpopular.
Most FIRE people aren't going to have $50 million plus and be hit by this.
It will never stop at $50M. Once the law is created it is sooo much easier to just lower the threshold. Even if not lowered, in 30 years inflation means it will capture a whole different number of people - maybe you. Maybe it will bankrupt your children.