An astoundingly innumerate comment from someone who should know better. https://mastodon.social/@rbreich@masto.ai/109689872733190141
Musk didn't "lose $200 billion" when the value of his stock plummeted. His theoretical wealth dropped.
There should be a wealth tax nonetheless (and capital gains should be regular income, with investment gains indexed for inflation when cashed in).
But we should be honest about what we're doing.

