Agreed. I propose choosing $1m as the threshold unrealized and realized summed. A 100% wealth tax on anything over that should help reduce inequality.
replyThis can't be said in any kind of good faith. You'd put a lot of people in bigger cities out on the streets, including people who never worked above "bookeeper" or "factory worker" whose houses happen to be in a desirable location 40 years after they bought them.
replySo just because they were bookkeepers we should let them hoard wealth when most Americans could not afford an unexpected expense? To a person with $100 in their checking account both a millionaire and a billionaire are impossibly far away.
replyI think what’s happening here is that a bunch of millionaires are complaining that there are people richer than them so they want the limit higher than them. But they don’t realize they’re the problem. They’re the top 3% while people are suffering.