FT reports on Nobel economists' endorsement
4 Sep 19 12:00 PM · 6d ago · 5 articles · 6 posts · 5 comments · 6 sources · development 4 of 7
The Financial Times covers the laureates' letter, reporting their argument that the tax would not damage Silicon Valley's competitiveness.
“Contrary to the claims of its opponents, taxing billionaires will not doom Silicon Valley, quite the opposite”
Nobel economists (via FT)Gabriel Zucman Economist, architect of the wealth-tax letter
Sergey Brin Google co-founderJoshua Rauh Stanford economist, Hoover Institution researcherSacramento Bee / McClatchy editorial board Newspaper editorial boardNobel laureate economists (Duflo, Krugman, Diamond, Banerjee, Acemoglu, Stiglitz) Signatories of a public letter
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What was reported 1 claim about this development
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first by Financial Times, 6d ago · also HN Frontpage, Straits Times, Investing.com News, Reuters, FT
2 more headlines
- Economics Nobel Laureates' Letter Supporting the California Billionaire Tax [pdf] HN Frontpage · 5d ago
- Billionaires abound in California. Why not tax their wealth? Straits Times · 5d ago
What people said 6 voices · verbatim
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Really great to see this: six Nobel Prize-winning economists (Duflo, Krugman, Diamond, Banerjee, Acemoglu and Stiglitz) just came out in favor of the California billionaire tax. You don't have to be a radical leftist to see why it's a good idea. First, look at the numbers: ten
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well known to be outliers when it comes to wealth research and wealth taxation Economics, as a field, is an extreme outlier when it comes to the fact that the "mainstream consensus" is almost entirely dominated by a single school: University of Chicago. The fringe is becoming... literally every other school. The Ivies. The West Coast. The Euros…
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Hi all, A reminder that comments do need to be on-topic and engage with the article past the headline. Please make sure to read the article before commenting. Very short comments will automatically be removed by automod. Please avoid making comments that do not focus on the economic content or whose primary thesis rests on personal anecdotes. As…
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When you think about how much these billionires benefit from tax credits, the education system, a strong economy due to infrastructure investment, the internet and whatever else. And they really think they are like Christopher Columbus and they discovered it all on their merits? Its a bit disgusting. At least the Carnegies and Rockefellers left…
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The context of this quote is important. Michael Crichton was a brilliant writer but he was also an idiot who denied the scientific consensus that the earth is warming, despite the overwhelming evidence. He used this clever-sounding anti-consensus rhetoric to justify ignoring reality, just as anti-vaxxers and flat-earthers do.
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Now show the number of Nobel prize economists who didn’t sign Zucman’s letter! Given there are 60 to 65 of them, sure is interesting they didn’t show the summary statistics. Shame. They should know that’s always the first table…
All 7 developments of California's Prop 40 billionaire wealth tax loses ground as… →
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