The 2% wealth tax idea floated by Warren is an insanely high number. It sounds small because people don't understand finance.
A 4% withdrawal rate is about the most you can expect to indefinitely draw on a balanced portfolio without it disappearing in a relatively small number of years. A 2% wealth tax takes half of this.
A 4% withdrawal rate is about the most you can expect to indefinitely draw on a balanced portfolio without it disappearing in a relatively small number of years. A 2% wealth tax takes half of this.