It's $30M.
You used the term "elite" for an entirely different purpose. Dancing around it now could be viewed as entertaining but, rather, is tedious.
$30mil in investible assets.
Thats not their net worth.
It's funny when you're always claiming to be able to understand how to interpret a post that you misunderstand -- and try to argue you know more than the actual poster.
Some may call that texan behaviour.
There are legitimate historical examples of such taxes being successful in capitalist democratic societies. You may disagree with it, but there are plenty of arguments and evidence for it.
An example of being dumb would be a willing desire to inject your own population with poison, not knowing what electricity is or ignoring a scientific consensus on a subject that could result in catastrophic consequences globally.
Please show an example of how taxing on unrealised gains has been successful?
The only success that brings is taking business offshore.
To a different extent look at California, NYC, Massachusetts, NJ for those places losing business due to the taxes and unfriendly business practices.