Articles by Emmanuel Saez and Gabriel Zucman:

Keeping Business Alive During the Coronavirus Crisis: Government as Buyer of Last Resort

The government has to compensate businesses and workers for their losses so that each business can re-emerge almost intact after the hibernation due to social distancing ends. An economy-wide fall in the demand for goods and services of 40 percent over 3 months leads to a 10 percent drop in annual GDP. The government can transfer 10 points of GDP to the private sector, financed via public debt.

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Biden, Buttigieg, Sanders, Warren: The Real Impact of Democratic Candidates’ Tax Plans

According to UC Berkeley economists Emmanuel Saez and Gabriel Zucman, all of the Democratic candidates’ plans increase tax rates on the rich but to very different degrees: Joe Biden is the most moderate; Sanders’s and Warren’s plans sharply increase progressivity. Overall, the Buttigieg plan raises 3.9 percent of national income extra in taxes, more than Warren (3.2 percent), Sanders (2.6 percent), and Biden (1.5 percent).

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