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[–] 12 points 1 year ago

Note that the inflation adjusted average rate of return on the stock market over the long run is ~8% (https://www.officialdata.org/us/stocks/s-p-500/1980)

That means a 2% wealth tax on billionaires would not make them lose a single penny. Instead, it would just slow down the rate at which their wealth grows (while still growing exponentially).

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