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Why is it so hard to tax billionaires? (Part 2)

1377.373 - 1398.312 Allison Schrager

I don't agree with taxing unrealized gains. There are credible economists who think differently. This is a conversation we should have, but like, I think it's just impractical. And the ability to collect a tax you levy is actually very important and it's important consideration. First of all, it's very hard to tax wealth because it's really hard to put a value on wealth.

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