Yhn BusinessEconomy first seen 14 h ago, last 12 h ago, peak #9
Nobel laureates back California billionaire tax in open letter
Original: Economics Nobel Laureates' Letter Supporting the California Billionaire Tax [pdf]
A group of Nobel Prize-winning economists has signed a public letter voicing support for the proposed tax on billionaires' wealth in California. The letter, hosted by economist Gabriel Zucman, a leading advocate of wealth taxation, argues the levy is economically sound. Supporters say endorsements from such prominent economists strengthen the measure's credibility against critics who claim it would drive the wealthy out of the state.
Why now: Debate over the California billionaire tax ballot measure is active, and heavyweight economic endorsement is fresh news in that fight
Gabriel ZucmanCaliforniaNobel laureates
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