[rco8786]

Oi vey. I used the example number that you gave. My sincerest apologies.

Bluntly, you’re misunderstanding the basic math of a wealth tax.

Consider that we already tax unrealized gains on real estate as an annually paid tax. The suggestion is to do the exact same thing for other types of assets. That’s it. It’s very simple, and we’re not talking about making billionaires poor. Just trying to make it so that people can't go from $1B to $100B net worth and pay no taxes, while the rest of us fork over 25%+ of our measly 6-figure incomes every year.