Found 2 article(s) for author 'wealth tax'

Would a “Wealth Tax” Help Combat Inequality? A Debate with Saez, Summers, and Mankiw

Would a “Wealth Tax” Help Combat Inequality? A Debate with Saez, Summers, and Mankiw. Lawrence Summers, N. Gregory Mankiw, October 16, 2019, Video, “Emmanuel Saez, a leading architect of the “wealth tax” plans advocated by Senators Elizabeth Warren and Bernie Sanders, outlined his proposals at the PIIE conference on “Combating Inequality: Rethinking Policies to Reduce Inequality in Advanced Economies” on October 17–18, 2019. Lawrence Summers of Harvard, top economic policymaker in the Clinton and Obama administrations, delivered a tough critique of Professor Saez’s proposals. He was joined in the criticism by Gregory Mankiw, also a Harvard economic professor, and a former top economic adviser to President George W. Bush. Watch this important and timely discussion, moderated by Catherine Rampell of the Washington Post.Link

 

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Be very skeptical about how much revenue Elizabeth Warren’s wealth tax could generate

Be very skeptical about how much revenue Elizabeth Warren’s wealth tax could generate. Lawrence Summers, June 28, 2019, Opinion, “Sen. Elizabeth Warren, D-Mass., has made her proposed 2 percent wealth tax on those worth more than $50 million a central part of her presidential campaign. Emmanuel Saez and Gabriel Zucman, two economists at the University of California at Berkeley, who helped developed the proposal, estimated it it would rake in $187 billion a year. In April, we published a piece in the Washington Post suggesting that this estimate was likely overly optimistic. This week, Saez and Zucman published a rejoinder.” Link

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