Economist deems WaPo's editorial board piece as misinformation

Emmanuel Saez, the UC Berkeley economist who designed California's proposed billionaire wealth tax, accused the Washington Post and owner Jeff Bezos of publishing "misinformation" about the measure.

Saez criticized a Post editorial board piece arguing the tax would cost California billions in lost revenue due to a billionaire exodus, claiming the analysis contains "glaring falsehoods" and omits key details.

The proposal would impose a one-time 5% tax on assets of California's approximately...