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" ... This is important as Dems’ wax rhapsodical about the $2.6 trillion that economists Emmanual Saez and Gabriel Zucman promise a wealth tax will raise. Ok, but so what? It’s not the $2.6 trillion that matters, it’s once again what it can be exchanged for. And in shrinking the amount of capital that could be directed toward innovators (what can inheritors or producers of great wealth do but thankfully invest it?), the Dems will slow the process whereby the poor and middle class will be able to attain goods and services previously unattainable for anyone. ... "