thanks for telling us, I skimmed it and it’s looking good . . .
ps ‘how much wealth is excessive ?’ is a constant question
one metric I use is that $3 million is a lifetime of money in most of the USA , by the 4% rule, or $120,000 a year, including inflation, much more than the median household income ( that 4% is based on 30 year window, …
thanks for telling us, I skimmed it and it’s looking good . . .
ps ‘how much wealth is excessive ?’ is a constant question
one metric I use is that $3 million is a lifetime of money in most of the USA , by the 4% rule, or $120,000 a year, including inflation, much more than the median household income ( that 4% is based on 30 year window, but close enough )
In much of the USA, $2 million is a lifetime of wealth, $80,000 a year, about the current median
Therefore paying or giving someone $2 million or more in a single year or other brief period should be heavily and progressively taxed, above that amount.
So that is one solid way to measure . . . it assumes that the USA will be a going concern . . . b.rad
thanks for telling us, I skimmed it and it’s looking good . . .
ps ‘how much wealth is excessive ?’ is a constant question
one metric I use is that $3 million is a lifetime of money in most of the USA , by the 4% rule, or $120,000 a year, including inflation, much more than the median household income ( that 4% is based on 30 year window, but close enough )
In much of the USA, $2 million is a lifetime of wealth, $80,000 a year, about the current median
Therefore paying or giving someone $2 million or more in a single year or other brief period should be heavily and progressively taxed, above that amount.
So that is one solid way to measure . . . it assumes that the USA will be a going concern . . . b.rad