Modeling a Wealth Tax
August 2020Some politicians are proposing to introduce wealth taxes in addition to income and capital gains taxes. Let's try modeling the effects of various levels of wealth tax to see what they would mean in practice for a startup founder.Suppose you start a successful startup in your twenties, and then live for another 60 years. How much of your stock will a wealth tax consume?If the wealth tax applies to all your assets, it's easy to calculate its effect.
- ▪August 2020Some politicians are proposing to introduce wealth taxes in addition to income and capital gains taxes.
- ▪Let's try modeling the effects of various levels of wealth tax to see what they would mean in practice for a startup founder.Suppose you start a successful startup in your twenties, and then live for another 60 years.
- ▪How much of your stock will a wealth tax consume?If the wealth tax applies to all your assets, it's easy to calculate its effect.
2 outlets in our directory ran this story, first to last over 25 hours. All of the coverage we found sits in one bucket: centre. That one-sidedness is itself worth noticing.
- ▪ With the Wealth Tax, Progressives Are After You — RealClear Markets
Paul Graham — Essays files mainly under blogs. We currently carry 219 of its stories.
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Record
| Original publisher | Paul Graham — Essays |
| Canonical URL | http://www.paulgraham.com/wtax.html |
| Publication time | Not provided by source |
| Retrieval time | 2026-07-26T08:49:07.854Z |
| Last seen | 2026-07-26T08:49:31.539Z |
| Headline source | Publisher (no WeSearch rewrite) |
| Excerpt source | publisher body |
| Excerpt method | First ~120 words (~800 chars) of extracted publisher body, fair-use limited. |
| Summary | WeSearch · cerebras-chat (WeSearch summarizer) |
| Summary source text | contentText |
| Citation coverage | Summary is a WeSearch-generated derivative; primary citation is the original publisher URL. |
| Cluster | WkWz4k3Nu58w · 2 stories |
| Cluster logic | Grouped by semantic title/content similarity across sources within a rolling window. Same-publisher template collisions are excluded from coverage comparison. |
| Ranking reason | Story pages are not engagement-ranked. Hub feeds use recency, with optional source-diversified chronological ordering (cap consecutive stories per source). No personalized ranking. |
| Publisher visit | Yes — open original |
| Substitutes article? | No — link-out required for full text |
Rights status (four layers)
WeSearch handling by dimension
| Indexing | May the item be indexed (stored, ranked, made findable)? | Allowed |
| Snippet | May a short excerpt of the publisher's text be shown? | Allowed |
| AI summary | May WeSearch generate its own short summary of the article? | Limited |
| Retrieval / RAG | May the content be exposed for third-party retrieval-augmented generation? | Not asserted |
| Model training | May the content be used to train AI models? | Not asserted |
| Commercial reuse | May the content be reused commercially? | Not permitted |
Basis: Derived from the published RSS/Atom feed. Contact: [email protected]. Reviewed: 2026-07-24.
Opening excerpt (first ~120 words) tap to expand
August 2020Some politicians are proposing to introduce wealth taxes in addition to income and capital gains taxes. Let's try modeling the effects of various levels of wealth tax to see what they would mean in practice for a startup founder.Suppose you start a successful startup in your twenties, and then live for another 60 years. How much of your stock will a wealth tax consume?If the wealth tax applies to all your assets, it's easy to calculate its effect. A wealth tax of 1% means you get to keep 99% of your stock each year. After 60 years the proportion of stock you'll have left will be .99^60, or .547.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at Paul Graham — Essays.