J.D. Tuccille: Wealth-hating economists leverage credentials for billionaires tax
· National Post
If California’s proposed wealth tax is defeated next week — polling now finds Prop. 40 underwater with voters — it will represent less a failure of economic arguments than of political activism given academic gloss. While the allegedly one-time five per cent tax on the assets of billionaires is based on the work of prominent economists Gabriel Zucman and Emmanuel Saez, the two University of California-Berkeley professors seem too willing to massage their research until it gives the results they seek. And what they ultimately want isn’t a one-time tax on the rich, but heavy ongoing taxation to eliminate success. Read More
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