Jules van Binsbergen

speaker

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

Jules van Binsbergen’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

Or if you want to get to an accurate estimate of say $100 billion in extra revenue, there are a lot of strong assumptions that need to go into that.

Josh, one more thing on that.

What already surprises me is you said that the budget is $325 billion.

Did I hear that correctly?

Per year.

Yeah.

So if I would take the present value of that to turn it into a one-time sort of wealth representation, and I compared that present value with even if it's the 100 billion, full hundred billion, it still seems that it's only making barely a dent into what the future expenditure.

Of California will look like.

So then even if regardless of the discounts that you're applying, which means that the number is actually way below 50, maybe even below 30, even if it wasn't a full 100, it seems like a very small amount compared to the present value of obligations in terms of the budgetary spending that California has taken on.

Yeah, or to add to that question, right?

Suppose that you could redesign the entire tax system from the bottom up and suppose that we had already cut the budget in half and we're spending it correctly.

There's still the question what is the optimal way of raising that amount of money through which type of taxation, right?

Agreed?

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