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location
CALIFORNIA
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5
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This document analyzes proposals to address U.S. income inequality, specifically discussing the pros and cons of raising the minimum wage and implementing tax reforms. It cites data from the IMF, CBO, and CATO Institute regarding job losses versus poverty reduction, and reviews specific tax proposals from Warren Buffett, academics, and California legislators aimed at reducing the wealth gap. The text cautions that while some redistribution can be beneficial, excessive taxation might negatively impact economic growth.
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