The Economic Reality Behind Billionaires Taxes and State Budgets

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. Hosted on Acast. See acast.com/privacy for more information.