Thread

Economics Nobel Laureates' Letter Supporting the California Billionaire Tax [pdf]

33 points · 29 comments · marojejian

marojejian · 1789845926 · focus · HN ↗
While the concept of progressive wealth taxation is very important and good, executing on such taxes is very hard.
I'm skeptical this bill is actually a positive step in the overall campaign. That said, I think the more discussion about the concept, the better.
1. toomuchtodo · 1789845996 · focus · HN ↗
  ~69% of Gen Z support it. Time to success is a function of the age out rate of the 55+ voting cohort (~2M/year).
  > A new CBS/YouGov poll released Sunday found that 69 percent of respondents under 30 favor candidates who support raising taxes on wealthy Americans.
  <a href="https://thehill.com/homenews/campaign/6096809-gen-z-taxes-wealthy/" rel="nofollow">https://thehill.com/homenews/campaign/6096809-gen-z-taxes-we...
  <a href="https://assets1.cbsnewsstatic.com/hub/cms/prod_cms_alt/file/2026/09/13/6a86957c-2fab-480d-9e48-94f9e48ab498/cbsnews_20260913_sun.pdf" rel="nofollow">https://assets1.cbsnewsstatic.com/hub/cms/prod_cms_alt/file/...
  1. SpicyLemonZest · 1789848958 · focus · HN ↗
    What the linked poll asked is "Would you prefer to vote for a candidate for Congress who supports tax increases on wealthy Americans?". I would say yes to that, even though I don't support this specific California tax proposal, and I don't think that's a terribly uncommon perspective.

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