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CAPITAL TAXATION IN THE 21ST CENTURY (2015)
| Content Provider | CiteSeerX |
|---|---|
| Author | Auerbach, Alan J. Jel Nos, H. |
| Abstract | In his influential book, Capital in the 21st Century, Thomas Piketty argues forcefully that rising wealth and wealth inequality is an inherent characteristic of capitalist economies and calls for strong policy responses, in particular a substantial wealth tax implemented globally. This paper takes issue with the facts, logic, and policy conclusions in Piketty’s book, suggesting that the factors needed to support the inexorable rise in capital’s share and concentration are lacking and that among tax policy reforms aimed at dealing with economic inequality a wealth tax finds little support either in Piketty’s own work or elsewhere in the literature. |
| File Format | |
| Publisher Date | 2015-01-01 |
| Access Restriction | Open |
| Subject Keyword | Capital Taxation 21st Century Substantial Wealth Tax Wealth Inequality Policy Conclusion Thomas Piketty 21st Century Inherent Characteristic Influential Book Inexorable Rise Strong Policy Response Piketty Book Wealth Tax Little Support Capital Share Tax Policy Reform Capitalist Economy Economic Inequality |
| Content Type | Text |
| Resource Type | Article |
