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Chicago Booth Review Podcast

Should Billionaires Pay Higher Fines?

Sep 11, 2024
29:05

In some countries, fines change according to income, but so far US cities have been reluctant to try it out. Chicago Booth’s Jean Pierre Dube thinks that’s a mistake. He says uniform fines are regressive, don’t act as a deterrent, and that personalized fines could bring in more revenue for cities. So why are US cities so reluctant to do it?

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