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Fact vs. Fiction on Medicaid and the Wealth Tax

By Veronique de Rugy
Thursday, March 19 2026

I try to be fair to people I disagree with. Emmanuel Saez – the famous UC Berkeley economist who's considered an architect of California's proposed billionaire wealth tax – is someone I read carefully, even when I find his income-inequality work unconvincing. So, when I say that his arguments for the wealth tax are not just biased or misleading but egregiously wrong, I'm not being careless. I mean it. In a recent debate at Stanford University, Saez offered his central justification (apart from, you know, "billionaires are unfairly rich"): California's…

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