The Economic Reality Behind Billionaires Taxes and State Budgets
Faculty Director of the Penn Wharton Budget Model examines whether taxing extreme wealth can meaningfully reduce deficits and fund public spending.
This Week in Business · Wharton Podcast Network
February 6, 202610m 15s
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Show Notes
Kent Smetters, Faculty Director of the Penn Wharton Budget Model and Professor of Business Economics and Public Policy at the Wharton School, analyzes the origins of billionaire and wealth taxes, explains why they consistently underperform revenue expectations, and explores their economic distortions at both the state and national level.
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