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

Abstract

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.

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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
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