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 about 1 month 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.