French Economists Push for Wealth Tax on California's Billionaires
In an op-ed for the 'New York Times,' economists Gabriel Zucman and Emmanuel Saez argue that California's billionaires, numbering 250, should face a one-time 5% wealth tax.
Editorial Staff
1 min read
Updated 21 days ago
Economists Gabriel Zucman and Emmanuel Saez have drawn attention to the significant wealth accumulated by California's billionaires, who reportedly pay minimal taxes.
In their recent op-ed, they advocate for a one-time 5% wealth tax aimed at addressing this disparity.
Their proposal highlights the need for a more equitable tax system in California, where the wealthiest individuals have seen their fortunes grow substantially.