“One-Time” Tax? Everyone Chuckles
1:47:09–1:47:42 · 32s
Cochrane explains why a surprise, one-time wealth tax is efficient in theory—but politically unbelievable—capturing why investors won’t trust California’s promise.
1:47:09–1:47:42 · 32s
Cochrane explains why a surprise, one-time wealth tax is efficient in theory—but politically unbelievable—capturing why investors won’t trust California’s promise.
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