How Would a Progressive Wealth Tax Work? Evidence from the Economics Literature. Saez, E. & Zucman, G. 2019. Unpublished manuscript
How Would a Progressive Wealth Tax Work? Evidence from the Economics Literature [link]Link  abstract   bibtex   
Senator Elizabeth Warren recently proposed a new wealth tax on the richest Americans. Though the United States does not have a wealth tax, a number of countries around the world have or had progressive wealth taxes. In this paper, we discuss the merits and demerits of progressive wealth taxation in light of the international experience and economic theory. In short, a progressive wealth tax focused on the ultra-wealthy (households with more than $50 million in net wealth) could raise substantial revenues and the economic incidence of the tax would lie overwhelmingly on the richest families. After defining what a progressive wealth tax is, in section 2 we discuss issues of tax avoidance and evasion; in section 3 we discuss the real effects of wealth taxation on the economy; and in section 4 we make concrete proposals to administer a progressive wealth tax effectively in the United States.
@unpublished{SaezZucman2019a,
  title = {How Would a Progressive Wealth Tax Work? {{Evidence}} from the Economics Literature},
  author = {Saez, Emmanuel and Zucman, Gabriel},
  year = {2019},
  url = {http://gabriel-zucman.eu/},
  abstract = {Senator Elizabeth Warren recently proposed a new wealth tax on the richest Americans. Though the United States does not have a wealth tax, a number of countries around the world have or had progressive wealth taxes. In this paper, we discuss the merits and demerits of progressive wealth taxation in light of the international experience and economic theory. In short, a progressive wealth tax focused on the ultra-wealthy (households with more than \$50 million in net wealth) could raise substantial revenues and the economic incidence of the tax would lie overwhelmingly on the richest families. After defining what a progressive wealth tax is, in section 2 we discuss issues of tax avoidance and evasion; in section 3 we discuss the real effects of wealth taxation on the economy; and in section 4 we make concrete proposals to administer a progressive wealth tax effectively in the United States.},
  keywords = {Wealth Taxation},
  note = {Unpublished manuscript}
}

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