Kambourov, Gueorgui; Guvenen, Fatih; Kuruscu, Burhanettin; … - Society for Economic Dynamics - SED - 2013
, because such a wealth tax is regressive, it increases wealth (and welfare) inequality in the population. <P> To provide a …This paper studies the quantitative implications of wealth taxation (as opposed to capital income taxation) in an … quantitative assessment of these different effects and the optimal level of wealth taxation, we build and simulate an overlapping …