"Khanna wanted to dig into the details with Gamage about how the proposal would work in practice. 'It was a somewhat surreal experience from my side,' says Gamage, who spent the evening attempting to elucidate the intricacies of complex tax policy over text."
"'He has expressed real interest in understanding the mechanics and economics in a way that most politicians don't,' Gamage says, highlighting Khanna's depth of inquiry into the proposal."
"'I echo what FDR said with sarcasm of economic royalists when they threatened to leave, 'I will miss them very much,'' Khanna responded to billionaire threats against the tax initiative."
David Gamage received a call from Congressman Ro Khanna regarding a proposed 5% tax on California billionaires to support public education and healthcare funding. The initiative, coauthored by Gamage and other tax scholars, faced backlash from billionaires like Peter Thiel. Khanna, known for his snarky responses, sought to understand the proposal's mechanics and implications, particularly concerning 'paper billionaires.' Gamage noted Khanna's genuine interest in the complexities of tax policy, which is uncommon among politicians, despite the backlash from wealthy constituents.
Read at Fast Company
Unable to calculate read time
Collection
[
|
...
]