Tax on income vs tax on wealth in a model of wealth distribution
|Zdzislaw Burda , Konrad Zuchniak|
AGH University of Science and Technology, Faculty of Physics and Applied Computer Science (AGH), Mickiewicza 30, Kraków 30-059, Poland
In his famous book Capital in the Twenty-First Century Thomas Piketty argues that income tax is not able to reduce wealth inequality. He proposes to combine progressive income tax and wealth tax. In our talk we discuss a simple model of macro-economy with different taxes and compare the influence of income tax and wealth tax on wealth distribution.
Presentation: Invited oral at 8 Ogólnopolskie Sympozjum "Fizyka w Ekonomii i Naukach Społecznych", by Zdzislaw Burda
See On-line Journal of 8 Ogólnopolskie Sympozjum "Fizyka w Ekonomii i Naukach Społecznych"
Submitted: 2015-08-28 08:34 Revised: 2015-09-15 19:45