Guvenen, Fatih; Kambourov, Gueorgui; Kuruşçu, Burhanettin - National Bureau of Economic Research - 2024
taxation be structured to improve productivity, incentivize innovation, and ultimately increase welfare? We study these …When is a wealth tax preferable to a capital income tax? When is the opposite true? More generally, can capital … misallocation of capital. We show that increasing the wealth tax increases aggregate productivity. The gains result from the "use …