6% is roughly 1/16th. That’s a pretty steep drop in total wealth.
The inflation and tax adjusted return on the SP 500 (all dividends reinvested) for the last 90 years is about 7% per year.
Since 90% of investment professionals UNDERPERFORM the SP 500 over any given 10 year period, an annual 6% asset tax is literally insane.
Speaking of micro-returns on your money, did you know that a “lepton” is (was) 1/100th of a Greek drachma?
The Greeks use the Euro now, no more drachmas.
Anyway - I like your screen name “lepton,” which, as I recall, commonly refers to irreducible particles like electrons and neutrinos.