Does California need more revenue? Hoover Senior Fellow Joshua Rauh argues it doesn’t. Debating UC Berkeley economist Gabriel Zucman on California’s proposed billionaire tax, he notes general fund spending is up 79 percent in seven years and says the state’s problem is the efficiency of its spending.
Read the research on Proposition 40: https://www.hoover.org/research/net-present-value-california-billionaire-tax-act
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