Hacker News new | ask | show | jobs
by kabacha 2143 days ago
Isn't he very vocal about the fact that rich should be taxed heavily?
1 comments
jkestner 2143 days ago
Vocal, as in he did the usual billionaire dissembling about how Warren's wealth tax would take 90% of his fortune and kill innovation. https://www.cbsnews.com/news/elizabeth-warren-would-love-to-...
link
evan_ 2143 days ago
and of course 10% of his fortune is still more than all the money made in the lifetime of every person Who will read this combined
link
jkestner 2142 days ago
And Warren's actual proposed rate, 3% for everything over $1 billion, is outpaced by the 11% annual rate of return for the S&P 500 over the last 30 years. A wealth tax would just slow down how fast the rich get richer.
link