I have mentioned that exact scenario to my accountant and a financial advisor and was scoffed at. Actually I think I phrased it as the govt deciding to impose a surcharge on anyone who has been “lucky” enough (that’s how Bambi sees wealth) to accumulate any net worth.
Like, they would say, “Hey, send us 4% of your net worth and we’ll be magnanimous and not freeze all of your accounts.”
>>I have mentioned that exact scenario to my accountant and a financial advisor and was scoffed at.<<
So who did you believe? The professionals or a writer who is trying to stir the bucket?