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

33 points · 29 comments · marojejian

  1. marojejian · · 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. danny_codes · · focus · HN ↗
      Publicity is good I think. We want the public to understand that very rich people pay less taxes than the average person. I don't think this is commonly understood, because people get caught up on income statistics, which are an incomplete picture of the accumulation of money.
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