Jonathan Berk

speaker

579 appearances 6 recordings 1 series first heard Jun 2026 last heard 13 Aug

Jonathan Berk’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 6 in all, peaking in Jul 2026 with 3.

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All Else Equal: Making Better Decisions · Ep78 “What’s Wrong With Taxing Billionaires More?” with Joshua Rauh · 18 Jun 2026 podcast

That's the model of America, I think.

Okay, so Jules, with that introduction in mind, why don't we introduce our guest today?

Here at Stanford, we're very lucky to have Josh Rao on the faculty.

He is the Omen Family Professor of Finance at the Stanford Graduate School of Business and a senior fellow at the Hoover Institution.

He's also, I think, one of the world experts on taxation, as particularly taxation in California.

Where he's done a lot of work emphasizing the fact that the state has the highest income taxes in the country.

And as these income taxes are introduced, the amount of money that the state raises isn't equal to what it would be were there no response of the billionaires.

And I think Josh has done a lot to communicate this in his writings.

So, Josh, thank you.

Thank you for coming and welcome to the show.

Thank you very much for having me, guys.

Okay, Josh, what's wrong with the fact billionaires are very wealthy?

They didn't need five percent of their wealth.

What's wrong with taking it?

So, Josh, I agree with you that taking 5% of somebody's wealth, let's be honest, everybody, no matter how rich you are, 5% of your wealth is a painful take.

But leaving that aside, I know that your research focuses on the question of whether or not there will be a net revenue gain.

For California.

Can you talk about some of that?

Gosh, what fraction of California state taxes is paid by the billionaires?

Income taxes.

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