OP mentions PG’s article arguing against a wealth tax. That article is short, simple and to the point - Modelling a Wealth Tax (http://www.paulgraham.com/wtax.html). It is so compelling, but also misleading and wrong. Its not easy to spot the sleights of hand he uses. I wrote more about it here - Modelling a Wealth Tax Correctly (https://blog.nindalf.com/posts/wealth-tax/).
And yet, I think the simplicity of PG’s arguments is going to convince a lot of people. Simplicity sells, even if it deliberately obscures the truth.
And yet, I think the simplicity of PG’s arguments is going to convince a lot of people. Simplicity sells, even if it deliberately obscures the truth.