Uploaded July 2026 | Updated September 2026, 1 week ago

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A Stanford professor explains why some of California's wealthiest residents aren't waiting to see if a "one-time" wealth tax stays that way. Joshua Rauh, Professor of Finance at Stanford's Graduate School of Business and Senior Fellow in Economics at the Hoover Institution breaks the argument down to two things: what leaving does to jobs, and a founding American principle he says is at stake.

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