How would a self-assessment tax system work?

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Glen Weyl  (Author & Principal Researcher at Microsoft)

 
Glen Weyl explains how his proposed self-assessment tax system would work. He talks about how with his system owners of assets would set their own tax levels but would have to be willing to sell that asset at the proposed value. According to Weyl, this would increase the the number of commonly held assets and would generate enough money to establish a universal income for all US residents.

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About Author

Glen Weyl

Author & Principal Researcher at Microsoft

E. (Eric) Glen Weyl is a Principal Researcher at Microsoft Research New York City whose work aims to use technology and economics to find new ways to organize societies to reduce inequality, increase productivity and ease political tensions. Glen Weyl is also a researcher at Princeton University and co-author of the book "Radical Markets: Uprooting Capitalism and Democracy for a Just Society".

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Vaishali Jain

Vaishali Jain

Sarder TV Journalist, and Former Bloomberg TV Journalist

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