> In fact, to make them pay as much tax as their employees, there should be a 2% wealth tax, not 1%.

Indeed.

Andrew Mellon writing in 1924 "Taxation: The People’s Business.": "The fairness of taxing more lightly incomes from wages, salaries and professional services than the incomes from business or from investments is beyond question. In the first case, the income is uncertain and limited in duration; sickness or death destroys it, and old age diminishes it. In the other, the source of income continues; the income may be disposed of during a man’s life, and it descends to his heirs."

https://en.wikipedia.org/wiki/Andrew_Mellon

Via "Our Tax System Should Make You Furious" (interview with a Boston College Law School professor who specializes in tax law and estate planning):

https://www.nytimes.com/2026/04/17/opinion/ezra-klein-podcas...