November 8, 2012 -- Professor Eric Zolt is cited in a New York Times "Dealbook" article on the looming "fiscal cliff."
As Eric M. Zolt, a law professor at the University of California, Los Angeles, explains in a draft paper, we need to stop thinking about taxing the rich “as the only, or perhaps even the primary, way to increase social spending programs.”
Instead, he suggests, we may need less progressive taxes, or even regressive taxes, to finance more progressive spending programs. Mr. Zolt notes that outside the United States, “this is hardly a new insight.”
To read the entire article, click here.