[kdsudac]

Interesting read and makes some good points.

The reasoning about the "incredible run of ursurpurs" is a very flawed though. It's not like Bezos, Zuck, Jobs, Gates, Musk, Ellison, Page, Brin, et al. made their fortunes collecting their paychecks and funding their 401k's to the max and paying the top-level income tax bracket.

Their fabulous rise in wealth was because of the equity of the companies they founded becoming publicly traded at very high valuations.

Remember Jobs was only taking $1 in annual salary.

I'm not blaming the wealthy founders, they did remarkable things and deserve to be fabulously well compensated (not that fair or deserved have anything to do with it).

If anything I think the author should distinguish between capital gains taxes and regular income.