ether+nick

@evan Far too high. My lived experience is calibrated to suburban California. 5M in today’s USD would be a more-than-high-enough net worth absolute ceiling. Luxury beyond that is just a pathetic flex. I pity billionaires even as I loathe them. They need a hobby other than trumpeting their insecurity.

@evan Assolutamente no! Poi finisce che Vincenzo De Luca diventa il dittatore della Campania e rende Salerno la sua capitale politica.

@evan
To me that's the second level test. The first level is familar to families worldwide: "Nobody gets second (helping)s until everyone has got first (helping)s".

@evan I’m okay with 10m, you’re allowed to be lucky and stumble on a business that pays well and enjoy it. 10m doesn’t buy too many politicians so your potential damage radius is low.

@evan "property you own for tax purposes that sits unoccupied"

In the UK what happens to taxation of empty properties is that you keep paying more and more as government and councils appear to leapfrog the council tax multiplier.

Plus ... trying insuring an empty house ...

@evan I think this is a really interesting question and I think we’re roughly aligned. I’m in the category right now of “I personally have too much money and need to make that number go down, responsibly”. (I know, I know, people are happy to help with that).

I’m not too worried about capital that is productively invested. Like, Bezos owns a bunch of Amazon stock, ok. But tax him if he takes out loans against it. Tax the shit out of real estate to dissuade empty houses or vacant lots. Etc.

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