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In a live interview, Professor Paul Romer weighs in on the economic impact of proposed higher wealth taxes

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Excerpt from Bloomberg -- "It's probably good to start with the basics. One question is how much total tax is the government going to collect. Then, the second one is who pays which portion of that. A lot of the discussion right now is about adjusting how much different groups pay, and, in general, the democrats are saying the rich should pay more. There is some suggestion, as well, that there are ways to collect more total revenue and do new things, but it's probably helpful to keep those two things separate. So the debate is either about who pays or what do we want to do with some additional revenue."

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