A side effect of the very politically popular idea of taxing the rich more and more: the fate of your government programs becomes more and more structurally dependent on the volatile fortunes of an ultra-small group of ultra-rich people.https://twitter.com/ChrisMegerian/status/1043850488750452736 …
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Thanks - really enlightening! Going deeper down the rabbit hole, looks like another popular target for progressive taxation, corp tax, swings even more: https://www.pewtrusts.org/en/research-and-analysis/articles/2018/08/29/tax-revenue-volatility-varies-across-states-revenue-streams …. I guess correlation is sneaky and tax policy is hard...
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