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One of the world’s top economists, Harvard professor Greg Mankiw, explains the challenges of taxation and why economists are supporting Andrew Yang’s UBI-VAT policy.

California’s problem isn’t democrats, it’s what economists call ‘relative poverty. It’s what happens when full-time minimum wage earns you $2,400/month and the average rent in San Francisco is $3,600/month — and the cost of milk is $24.