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Calls to tax billionaires are growing. Is there a better way to tax the rich?

By Kristen Sobeck, Lecturer in Economics, University of Canberra

Should billionaires pay more tax? Californians will vote for whether to introduce a billionaire tax in November. In the United Kingdom, economists recently called for a net wealth tax on assets over £10 million (about A$19 million).

Australia may seem absent from the debate, but it shouldn’t be. The same…

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