[smallgovt]

> The only way to get the 45% number is to say your assets didnt grow in 60 years, which is not realistic.

This is the misunderstanding I'm pointing out. You will end up being 45% less wealthy regardless of whether your assets grow or not. If your assets grow YoY, you will still end up being 45% less wealthy bc your YoY gains are also taxed by the 1% wealth tax.

[awinder]

I get it (and don’t know why i went down this road on a whim). My (original) point was that at something like 8% avg return you’re up 5900% over 60 years instead of being 10900% up.