Brian Galle
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.
- News flash! March to protect billionaires from tax too small for their accountants to even notice is unlikely to draw favorable crowds, billionaire-backers say: www.sfexaminer.com/news/technol... (also quotes me; for the data I'm citing, see www.nber.org/papers/w34170)
- Retweeting for the kid in the t-shirt. The guy dressed as the Monopoly top-hat character...I mean, I chuckled, but a bit easy. Let's get creative out there, people.
- Reposted by Brian GalleOh wow, uh okay full disclosure we are receiving tremendous amounts of cash to be here.
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- Apparently, this is real. Or if it's actually by that Borat guy, he created a very, very deadpan web site. Anyway, imagine the vanity & self-regard it would take to organize a protest *this* week and it's against a 1% annual tax on billionaires.
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- Reposted by Brian Galle“I’m interested in how things work. And right now, it [capitalism] doesn’t seem to be working well,” Professor Brian Galle (@bdgesq.bsky.social) spoke to @fortune.com about his new book, How to Tax the Ultrarich: bit.ly/3LTOA1V
- Readers, today is the exciting launch day for my book! How to Tax the Ultrarich bit.ly/4rk6wBM In partnership with the great economic policy team @rooseveltinstitute.org A few threads will follow. 1st, the key takeaway: even w/ *this* Supreme Court, we can tax wealth at the federal level. 1/12
- The core proposal is to impose an extra income tax on gains from sale of property in excess of a lifetime $15m exemption. The rate rises the more the sold property has appreciated. The estate tax is replaced with an additional tax at sale on inherited property, plus a small annual down payment. 2/12
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- Reposted by Brian GalleNEW📰: A constitutionally sound tax plan to make the ultrarich pay their fair share that: ✅ Targets extreme wealth ✅ Closes trust & inheritance loopholes ✅ Ties payments to cash events, making it enforceable Read our latest from @bdgesq.bsky.social: bit.ly/4rk6wBM
- This is a particularly key point in the US, as I argue in "How to Tax the Ultrarich" (coming to your downloads this Thursday!). It is politically very difficult to tax both accumulated investment gains (deemed realization @ death) and the inheritance gains of the next generation at the same time.
- This guy is standing up to a lot of powerful people on a lot of fronts. 🫡 (that's the salute emoji)
- "Pam Bondi needs to be impeached or resign. Not just because she's failed to release the Epstein files...but to blame Renee Good? It's just shameful! The agent should be arrested and prosecuted! We have an administration where there is elite impunity," -Rep. @rokhanna.bsky.social tells us
- Some more #CABillionaireTax in the news: A deeper dive into whether the CBTA has learned the lessons of the most successful European wealth tax systems in Spain and Switzerland (spoiler: yep). Plus commentary from some people who haven't read the bill text 🫤. www.latimes.com/california/s...
- Once had a long cab ride with a driver who had all his retirement savings in silver ("It's almost as nice as gold but only 1/10 the price..it's got to catch up someday.") I was dubious but guess he was right after all. Now going back to review all the investment advice I have received from cabbies.
- A useful and amusing debunker from Current Affairs on the #CABillionaireTax: www.currentaffairs.org/news/every-a...
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