Periodic Reporting for period 1 - Wealth-Taxation (Optimal Taxation of Wealth)
Reporting period: 2017-09-01 to 2018-08-31
Growing inequality has been a big concern among academics, policymakers, and the public. Wealth taxation has been proposed as a way to alleviate wealth inequality. For example, Thomas Piketty’s book Capital in the Twenty-First Century put wealth taxation at the centre of public debate. Despite the fact that several countries have used wealth taxes, the rationale for such taxes are often vague – fairness, reducing inequality – and not studied formally. The aim of the project was to study quantitatively the implications of different forms of wealth taxation for wealth inequality, economic efficiency, and overall welfare.