Progressives are hoping California’s proposed wealth tax — a ballot initiative known as Proposition 40 — will be a launching pad for a nationwide push to tax the “super rich.” But fresh evidence suggests the policy is likely to backfire. A new paper published by the National Bureau of Economic Research finds that the proposed […]
Progressives are hoping California’s proposed wealth tax — a ballot initiative known as Proposition 40 — will be a launching pad for a nationwide push to tax the “super rich.” But fresh evidence suggests the policy is likely to backfire. A new paper published by the National Bureau of Economic Research finds that the proposed […]
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