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Recent books by Thomas Piketty (Piketty, 2014) and Anthony Atkinson (Atkinson, 2015) have brought the annual wealth tax … back on the policy agenda. Both authors suggest using the annual wealth tax to supplement the redistributional effects of …, the wealth tax is often not delivering the expected effects - a large share of the tax burden falls on people with low …
Persistent link: https://www.econbiz.de/10011717186
This paper is about “Capital in the Twenty-first Century” by Thomas Piketty. It identifies his central macroeconomic claims and examines them, arguing that the contentions are theoretically and empirically unwarranted.
Persistent link: https://www.econbiz.de/10010349913
This paper presents a comprehensive analysis of the role of capital taxation in advanced economies with a focus on the Swedish experience. We synthesize the existing theoretical literature, present facts about the capital stock and its distribution, review current capital tax practices and...
Persistent link: https://www.econbiz.de/10011825361
This paper presents a comprehensive analysis of the role of capital taxation in advanced economies with a focus on the Swedish experience. We synthesize the existing theoretical literature, present facts about the capital stock and its distribution, review current capital tax practices and...
Persistent link: https://www.econbiz.de/10011845732
underscore the difficulty of the effort to preserve progressive taxation and combat wealth inequality. I argue that the proposals … Theory to explain the entrenched and persistent nature of these narratives …
Persistent link: https://www.econbiz.de/10012992389
of income and wealth and interest into the taxation of wealth for redistributive purposes has largely increased. By … analysis of taxes on wealth and wealth transfers. Second, we evaluate redistributive effects of tax-benefit systems against the … joint income-wealth distribution instead of income only. We show that expressing living standards in terms of both income …
Persistent link: https://www.econbiz.de/10011864870
equilibrium framework with heterogeneous agents and a fiscal structure resembling the actual U.S. tax system. The wealth and … marginal tax rate decreases inequality in both wealth and income but also leads to a contraction of the aggregate economy. This …
Persistent link: https://www.econbiz.de/10011317719
equilibrium framework with heterogeneous agents and a fiscal structure resembling the actual US tax system. The wealth and income … tax rate decreases inequality in both wealth and income but also leads to a contraction of the aggregate economy. This is …
Persistent link: https://www.econbiz.de/10011296121
of the distribution. Whether one looks at the recent trends in income concentration, wealth concentration, social …
Persistent link: https://www.econbiz.de/10014076838
A controversial new financing phenomenon has recently emerged. New “income share agreements” (“ISAs”) enable an individual to raise funds by pledging a percentage of her future earnings to investors for a certain number of years. These contracts, which have been offered by entities such...
Persistent link: https://www.econbiz.de/10013033194