Debating California’s Billionaire Tax Act on CNBC, Hoover Senior Fellow Joshua Rauh argued that the state’s number one problem is spending efficiency rather than a shortage of revenue, and that billionaires do pay taxes. He asked whether Californians want to drive away the next generation of founders. Read the research on Proposition 40: https://www.hoover.org/research/net-present-value-california-billionaire-tax-act #JoshuaRauh #GabrielZucman #HooverInstitution #California #CaliforniaPolitics #CaliforniaEconomy #CaliforniaBillionaireTax #BillionaireTax #WealthTax #WealthTaxation #TaxPolicy #TaxReform #Taxation #StateTaxes #CaliforniaTaxes #TaxRevenue #GovernmentRevenue #StateRevenue #GovernmentSpending #StateSpending #PublicSpending #CaliforniaBudget #StateBudget #GeneralFund #FiscalPolicy #FiscalResponsibility #FiscalSustainability #GovernmentEfficiency #SpendingEfficiency #PublicFinance #EconomicPolicy #Economics #PublicPolicy #HooverFellows #TaxDebate
The Hoover Institution, officially The Hoover Institution on War, Revolution, and Peace, is an American public policy think tank and research institution that promotes personal and economic liberty, free enterprise, and limited government.
