Effect of income tax and wealth tax on reducing wealth inequality
|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: Oral at Current Economic and Social Topics 2015, by Zdzislaw Burda
See On-line Journal of Current Economic and Social Topics 2015
Submitted: 2015-09-15 19:17 Revised: 2015-09-15 19:18