wealth tax
Do Wealth Taxes Significantly Curb Wealth Inequality?
Politicians and governments in the United States and elsewhere have recently proposed or implemented wealth taxes to supplement revenue and reduce wealth inequality. In a new study, Samira Marti, Isabel Z. Martínez, and Florian Scheuer show how decreases in wealth taxes led to increases in wealth inequality in Switzerland, though they find that these decreases alone are not enough to explain the magnitude of widening disparities.
The Case for Optimism About America
The good news is that America is still the engine of global wealth creation: nothing fosters political pragmatism like prosperity. But there is also...
Piketty on the Covid-19 Crisis: “It Is High Time to Use This Opportunity to Counter the Dominant Ideology and Significantly Reduce Inequality”
In an interview with ProMarket, Thomas Piketty speaks about his new book, the role of ideology as a driver of inequality, and what the...
A New Capitalisn’t Episode: The Risk Of Reopening – a Reading List
Despite warnings from government and health officials, some states are choosing to begin reopening their economies this week by ending lockdown restrictions. In this...
A New Capitalisn’t Episode: Where Does the Money Come From? With Special Guest Eugene Fama
As Kate Waldock and Luigi Zingales predicted in a previous episode, the government is running out of money and will ask Congress for additional...
Who Won the South Carolina Democratic Debate? The ProMarket Panel's Analysis
Is Bernie Sanders inevitable, and is Michael Bloomberg doomed? Which candidate would be best suited to avoid a recession in the US? A ProMarket...
The Most Persistent of All Zombie Ideas: That Taxing the Wealthy Is Destructive to the Economy
Economics can’t tell you what values to have. It can, however, shed light on what to expect from policy that reflects any particular set...
What Is the Meaning of Wealth?
Who's richer, a person who enjoys the comfort of modern services and technologies, or the ancient kings of a millennia ago? Comparing wealth over...
Why There Is No “Crisis of Capitalism”
Western dissatisfaction with globalization is wrongly diagnosed as dissatisfaction with capitalism, when in fact it is the product of the uneven distribution of the...
Biden, Buttigieg, Sanders, Warren: The Real Impact of Democratic Candidates' Tax Plans
According to UC Berkeley economists Emmanuel Saez and Gabriel Zucman, all of the Democratic candidates' plans increase tax rates on the rich but to...
