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California voters will decide whether the state’s billionaires should face a 5% net-worth tax in November after Gov. Gavin Newsom’s (D-CA) opposition to the idea failed…
California says its new billionaire tax is about billionaires.But buried in the text of a proposed constitutional amendment is something far more consequential: a tax structure…
By Emmanuel Saez and Gabriel Zucman Mr. Saez is an economist at the University of California, Berkeley. Mr. Zucman is an economist at the Paris School…
