In lieu of a federal wealth tax, state lawmakers in California, New York, and Washington have proposed legislation to tax billionaires on a state level. A recent article from the Washington Post explores these efforts, featuring commentary from Emmaneul Saez, who was enlisted by legislators to help draft the new policies. Check out the full article.
Promoting Economic Well-Being During COVID-19 through the Unemployment Insurance Program
Literature review by Ellora Derenoncourt, Claire Montialoux, and Joseph Broadus.
Emmanuel Saez and Gabriel Zucman in the Financial Times
How will raising interest rates affect inequality and economic mobility for low-income families? In a new Financial Times analysis, Gillian Tett highlights recent work from Emmanuel Saez and Gabriel Zucman in analyzing how Fed policy may undo some of the gains from the COVID-19 economic recovery. Read the article here.
Why the Inflation Reduction Act is key to strong, broad-based U.S. economic growth
The newly-passed Inflation Reduction Act has the power to combat growing income and wealth and inequality in the United States, explains a new Equitable Growth article. Author David Mitchell underscores how key climate provisions of the act will be paid for by increased taxes on the wealthy, mentioning tax-evasion research from Gabriel Zucman. Read the article here.
Emmanuel Saez & Gabriel Zucman on Realtime Inequality
A New York Times opinion piece by Peter Coy spotlights realtimeinequality.org, an online tool created by Emmanuel Saez and Gabriel Zucman, which shows which income groups benefit from wealth growth in the United States. Based on Saez + Zucman’s work, Coy emphasizes that economic performance evaluations should go further than simple GDP growth. Read the piece here, and check out more press coverage of Realtime Inequality by NPR, VoxEU, and Bloomberg.
Emmanuel Saez: California Should Pass a Small Tax on Big Wealth
Emmanuel Saez recently co-authored an op-ed in the LA Times on how the California tax system favors the ultra-rich and the importance of fixing it. He argues that while the “ordinary rich” pays their fair share in income taxes, California’s billionaires escape this by holding on to stock and not taking cash salaries.
Emmanuel Saez and Gabriel Zucman: Congress and the Coronavirus Pandemic
Emmanuel Saez and Gabriel Zucman urge Congress to legislate more forceful measures during the COVID pandemic to avoid another Great Depression. These include increased job protections, robust business support, universal healthcare, and excess profit taxes.
Read the full article on: New York Times.
Emmanuel Saez and Gabriel Zucman: Proposal for a Massive Government Intervention
Emmanuel Saez and Gabriel Zucman have been strongly advocating for a more robust federal response to the economic dislocations of COVID. In this piece at the Guardian, they press for the federal government to guarantee wages and lost revenues to business facing shutdown.
Read the full article on: The Guardian and
Would a wealth tax help combat inequality?
Discussion between Emmanuel Saez, Lawrence Summers, and Greg Mankiw at The Peterson Institute for International Economics (PIIE) conference on "Combating Inequality: Rethinking Policies to Reduce Inequality in Advanced Economies.”