Comment by anewaccountname

BS. Money's marginal value goes down the more you have--your 1st house is worth more to you than your Nth super car. After around 500k net worth, money is more about status and ranking than anything else--something that happens to be preserved under a graduated tax. The only other thing it is good for is perhaps real estate closer to a waterfront, a fancy downtown, etc.; under a graduated income tax that stays pretty much the same because there isn't as much money to be spent on it. Most of the value is in the land, not the construction.