Economists Josh Rauh and Emmanuel Saez debated this question and other heated issues related to the proposal before an audience of 500 leaders in business, government and academia at the 2026 SIEPR Economic Summit on March 6. In a spirited discussion moderated by Richard Rubin of The Wall Street Journal, Rauh, the Ormond Family Professor of Finance at Stanford Graduate School of Business, and Saez, professor of economics at University of California, Berkeley, squared off over the measure’s potential and effectiveness.
At the 2026 SIEPR Economic Summit, Stanford's Josh Rauh and UC Berkeley's Emmanuel Saez debate the proposed California wealth tax, in a session moderated by the Wall Street Journal's Richard Rubin. (Photo credit: SIEPR)
