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The Wrong Way to Tax Billionaires

City Journal
November 1, 2021
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While “taxing the wealthiest 1%” has perennial appeal among left-leaning populists, if ever implemented it is likely to be far more of a vote-getter than a money-maker. In City Journal, Aswath Damodaran highlights the bizarrely narrow scope and likely downstream damage of U.S. President Joe Biden’s much-touted “Billionaire Tax.”

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