The Economic Reality Behind Billionaires Taxes and State Budgets

Original Description

ABOUT THE EPISODE

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.

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This Week in Business features interviews with Wharton faculty about the latest news, fascinating trends, and issues impacting both consumers and the business world. Episodes are recorded at the Wharton School and published twice per week.

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#WealthTax #PublicFinance #BudgetDeficit #StateTaxes #FiscalPolicy #Economics

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