Brian Galle
@bdgesq.bsky.social
Berkeley law prof guy, erstwhile Georgetown, DOJ, & points in between. Mostly boring tax stuff; occasional dollops of nonprofits, law & econ, etc. Could be arguing in my spare time.
This publication date might seem far off but then you can see the sun and on a clear day that sucker is 6 million miles away.
November 27, 2025 at 12:14 AM
This publication date might seem far off but then you can see the sun and on a clear day that sucker is 6 million miles away.
We'll soon post a short document summarizing these points (with Emmanuel Saez stepping in to help on the economics and revenue estimates), but for now readers can look at our longer explanation at
www.californialawreview.org/print/state-...
4/4
www.californialawreview.org/print/state-...
4/4
Money Moves: Taxing the Wealthy at the State Level — California Law Review
It’s widely understood today that inequality is a major social problem that in turn contributes to other crises. By most accounts, tax systems are supposed to be our engines of equality. Yet in today’...
www.californialawreview.org
November 24, 2025 at 8:01 PM
We'll soon post a short document summarizing these points (with Emmanuel Saez stepping in to help on the economics and revenue estimates), but for now readers can look at our longer explanation at
www.californialawreview.org/print/state-...
4/4
www.californialawreview.org/print/state-...
4/4
Then there are the usual complaints about how taxing the wealthy will make them flee California. Of course, CA now has more than twice its national share of billionaires, and evidence overwhelmingly shows that wealth & income taxes have minimal effects on real decisions about where to live.
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November 24, 2025 at 8:00 PM
Then there are the usual complaints about how taxing the wealthy will make them flee California. Of course, CA now has more than twice its national share of billionaires, and evidence overwhelmingly shows that wealth & income taxes have minimal effects on real decisions about where to live.
3/4
3/4
The author also complains that FTB might unfairly overvalue small businesses. In addition to the formula I just mentioned, though, the bill also offers taxpayers the option of submitting an appraisal to show that the formula overvalues their business.
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November 24, 2025 at 7:59 PM
The author also complains that FTB might unfairly overvalue small businesses. In addition to the formula I just mentioned, though, the bill also offers taxpayers the option of submitting an appraisal to show that the formula overvalues their business.
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This, friends, is why they teach you in prosecutor school* not to wait until the last day of the statute of limitations to file your indictment.
*: A boot camp in S. Carolina run by DOJ -- kinda like the movie Stripes, but with a lot of bad suits -- call it "PinStripes."
*: A boot camp in S. Carolina run by DOJ -- kinda like the movie Stripes, but with a lot of bad suits -- call it "PinStripes."
November 19, 2025 at 7:53 PM
I'm very sympathetic to this view (or to capture stories other than epistemic capture) but wonder how we would rule out the rival hypothesis that the Fed is just not particularly independent w/r/t banking regulation & gets pushed wherever other regulators in a given admin want it to go.
November 17, 2025 at 11:40 PM
I'm very sympathetic to this view (or to capture stories other than epistemic capture) but wonder how we would rule out the rival hypothesis that the Fed is just not particularly independent w/r/t banking regulation & gets pushed wherever other regulators in a given admin want it to go.
But up from 50th to 49th thanks to the new cap gains tax! Many people are saying a wealth tax would help, too:
senatedemocrats.wa.gov/frame/2023/0...
senatedemocrats.wa.gov/frame/2023/0...
WA State Wealth Tax proposal receives strong support in Senate hearing - Sen. Noel Frame
Putting People First
senatedemocrats.wa.gov
November 17, 2025 at 6:11 PM
But up from 50th to 49th thanks to the new cap gains tax! Many people are saying a wealth tax would help, too:
senatedemocrats.wa.gov/frame/2023/0...
senatedemocrats.wa.gov/frame/2023/0...
Hey, Gordon got several universities into the top ten.
It was the list of the top ten most highly paid presidents, but still, credit where it's due.
It was the list of the top ten most highly paid presidents, but still, credit where it's due.
November 14, 2025 at 4:14 PM
Hey, Gordon got several universities into the top ten.
It was the list of the top ten most highly paid presidents, but still, credit where it's due.
It was the list of the top ten most highly paid presidents, but still, credit where it's due.
Source: ProPublica share.google/VJUGMnGSNOUQ...
November 9, 2025 at 4:03 PM
Source: ProPublica share.google/VJUGMnGSNOUQ...