Nobel Prize Winners Abhijeet Banerjee, Esther Duflo Back World’s First Billionaire Tax

San Francisco (US): Come November 3, California will be voting on a contentious issue to decide whether the super-rich should be paying a wealth tax. Citizens will be voting on California’s Proposition 40, a plan to levy a one-time 5% wealth tax on the residents of the American state with a net worth of $1 billion or more. A group...