One of the co-authors of California’s controversial ‘one-time’ tax on billionaires appeared to suggest that the levy could extend beyond a single imposition.
Marxist economics professor Emmanuel Saez, who hails from France, made the comment during a Tuesday debate against economist Arthur Laffer at the University of California, Berkeley.
“I don’t think it’s going to be a one-time tax. Because you can’t surprise billionaires more than once,” Saez said. “Even then, maybe some of them were expecting something like this. So, it’s going to be a debate about this time, you know, a permanent wealth tax at a low rate that’s going to last for a number of years.”
Hellbound and Down 