Tax the Rich? Easier Said Than Done.

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<p>Rising inequality is a big problem in America. But a ballot measure like California’s proposed billionaire tax is not the solution, argues the economist Natasha Sarin. By driving billionaires out of the state, it could cost California more revenue than it raises. Luckily, she offers other ways to make the wealthiest Americans pay their fair share.</p><p>Thoughts? Email us at <a href="mailto:theopinions@nytimes.com" rel="noopener noreferrer">theopinions@nytimes.com</a>.</p><p>Want to catch “The Opinions” live? Join us at the Brooklyn Public Library on Nov. 5 at 7 p.m. The Opinion columnists Jamelle Bouie and David French and the Opinion writer Michelle Cottle will unpack the midterm election results and look ahead to 2028. Register here: <a href="https://www.bklynlibrary.org/calendar/new-york-times-opinion-central-library-dweck-20261105-0700pm" rel="noopener noreferrer">https://www.bklynlibrary.org/calendar/new-york-times-opinion-central-library-dweck-20261105-0700pm</a></p><p>This episode of “The Opinions” was produced by Emily Holzknecht. It was edited by Kaari Pitkin and Alison Bruzek. Mixing by Pat McCusker and Isaac Jones. Video editing by Jan Kobal, Dani Dillon and Steph Khoury. The postproduction manager is Mike Puretz. Original music by Pat McCusker, Carole Sabouraud, Isaac Jones and Aman Sahota. Fact-checking by Mary Marge Locker and Kate Sinclair. Audience strategy by Shannon Busta, Kristina Samulewski and Ali Baluch. The director of Opinion Video is Jonah M. Kessel. The director of audio engineering is Isaac Jones. The deputy director of Opinion Shows is Alison Bruzek. The director of Opinion Shows is Annie-Rose Strasser.</p><br/> <p>Hosted by Simplecast, an AdsWizz company. See <a href="https://pcm.adswizz.com">pcm.adswizz.com</a> for information about our collection and use of personal data for advertising.</p>