California's Billionaire Tax May Cost More Than It Raises, Reports Find | The Daily Economy
thedailyeconomy.org
If a 5-percent levy chases billionaires out of Cali, the long-term income tax gap (not to mention litigation costs) will swallow any wealth-tax windfall.
    • LadyMeow@lemmy.blahaj.zone
      0·
      1 day ago

      Lmfao, wait so one of the papers authors is ‘Benjamin jaros’ who is featured on… Prager u!

      Both authors are members of the Hoover institution, a think tank promoting ‘economic liberty and small government’

      Fuck me this is too easy.

  • ZapBeebz_@lemmy.world
    0·
    2 days ago

    Sounds to me like the billionaire tax just needs to be raised so it brings in enough money to turn a profit. Only logical course of action, really

  • BooBees@fedinsfw.appEnglish
    0·
    2 days ago

    Brought to you by the conservative Hoover Instutions.

    The Hoover Institution (officially the Hoover Institution on War, Revolution, and Peace) is a public policy think tank and research center located at Stanford University in California. [1, 2]

    Key Facts

    • Founding: Founded in 1919 by future U.S. President Herbert Hoover as a library and archive collection (originally the Hoover War Collection) to gather documents on World War I and the lessons of conflict.[1, 2]
    • Mission: Promotes personal and economic liberty, private enterprise, limited government, and representative democracy. [1, 2]
    • Orientation: Generally described as conservative or right-of-center. [1, 2]
    • Leadership: Directed by Condoleezza Rice (Tad and Dianne Taube Director), with Eric Wakin serving as Deputy Director and Director of Library & Archives.
  • TrackenDaKracken@lemmy.world
    0·
    2 days ago

    While this is probably bullshit, even if true, doesn’t matter. Set the damn precedent.

    Steps in the right direction are steps worth taking.