Comments by "seneca983" (@seneca983) on "New Zealand’s Coming Wealth Tax" video.

Only if it's $2 million cash.
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@scottscott5827 I meant, inflation reduces the value of a currency. If your wealth is $2 million, inflation of 2% doesn't mean that 2% of the value of that wealth is lost each year unless that wealth is actually in the form of cash.
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@scottscott5827 You don't lose 2% of your net worth yearly to inflation unless it's all in the form of cash. I agree that a 2% wealth tax would be very high (and I'm against wealth taxes in general).
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