A Wealth of Reading about Wealth Taxes

courtesy of Torksten Slok.  See also Chapter 18 of Chicago Price Theory.

Wealth Taxation and Wealth Accumulation: Theory and Evidence from Denmark

https://www.henrikkleven.com/uploads/3/7/3/1/37310663/jjkz_wealthtax_feb2018.pdf

Behavioral Responses to Wealth Taxes: Evidence from Sweden

https://pubs.aeaweb.org/doi/pdfplus/10.1257/pol.20150290

Make your own Tax plan

www.taxjusticenow.org

How would a progressive wealth tax work? Evidence from the economics literature

http://gabriel-zucman.eu/files/saez-zucman-wealthtaxobjections.pdf

Global Wealth Inequality

https://gabriel-zucman.eu/files/Zucman2019.pdf

Progressive wealth taxation

https://www.brookings.edu/wp-content/uploads/2019/09/Saez-Zucman_conference-draft.pdf

Estimating the economic impact of a wealth tax

https://www.brookings.edu/blog/up-front/2019/09/05/estimating-the-economic-impact-of-a-wealth-tax/

The Top 1 Percent in International and Historical Perspective

https://pubs.aeaweb.org/doi/pdfplus/10.1257/jep.27.3.3?version=meter+at+null&module=meter-Links&pgtype=article&contentId=&mediaId=&referrer=&priority=true&action=click&contentCollection=meter-links-click

Should the Rich Be Taxed More? The Fiscal Inequality Coefficient

https://www.econstor.eu/bitstream/10419/170962/1/dp10978.pdf

Ending Special Tax Treatment for the Very Wealthy

https://www.americanprogress.org/issues/economy/reports/2019/06/04/470621/ending-special-tax-treatment-wealthy/

Wealth taxation: An introduction to net worth taxes and how one might work in the United States

https://equitablegrowth.org/wealth-taxation-an-introduction-to-net-worth-taxes-and-how-one-might-work-in-the-u-s/

Use It Or Lose It: Efficiency Gains from Wealth Taxation

https://www.aeaweb.org/conference/2019/preliminary/paper/yBz7KkYZ

Pareto and Piketty: The Macroeconomics of Top Income and Wealth Inequality

https://pubs.aeaweb.org/doi/pdf/10.1257%2Fjep.29.1.29

U.S. Taxes are Progressive: Comment on “Progressive Wealth Taxation”

http://www.davidsplinter.com/Splinter-TaxesAreProgressive.pdf

Distributional effects of public law

https://www.jct.gov/publications.html?func=download&id=5173&chk=5173&no_html=1

Wealth inequality in the United States since 1913: evidence from capitalized income tax data

http://scholar.google.com/scholar_url?url=https://academic.oup.com/qje/article-pdf/131/2/519/17097172/qjw004.pdf&hl=en&sa=X&scisig=AAGBfm20al1ZD5TB4fCcuy8naqUDnWSQnQ&nossl=1&oi=scholarr

The missing profits of Nations

https://gabriel-zucman.eu/files/TWZ2018.pdf

Can Wealth Taxation Work in Developing Countries? Quasi-Experimental Evidence from Colombia

https://eml.berkeley.edu/~saez/course/londono-wealth2018.pdf

Tax Evasion and Inequality

https://law.ucla.edu/~/media/Assets/Tax%20Policy%20Colloquium/Documents/Spring%202018/Zucman%20Paper%20-%20Final.ashx

Top Wealth in the United States: New Estimates and Implications for Taxing the Rich

http://ericzwick.com/wealth/wealth.pdf

The Other America: Inequality, Taxes, and the Very Rich

https://www.irs.gov/pub/irs-soi/19conpanbournepaper.pdf

IMF: Tackling Tax Havens

https://www.imf.org/external/pubs/ft/fandd/2019/09/pdf/tackling-global-tax-havens-shaxon.pdf

Taxing Wealth and Capital Income

https://www.cato.org/publications/tax-budget-bulletin/taxing-wealth-capital-income

Rethinking capital and wealth taxation

http://www.piketty.pse.ens.fr/files/PikettySaez2013RKT.pdf

The Elephant Curve of Global Inequality and Growth

https://pubs.aeaweb.org/doi/pdfplus/10.1257/pandp.20181073

Global inequality dynamics: new findings from wid.world

https://www.nber.org/papers/w23119.pdf

Exploding wealth inequality in the United States

https://voxeu.org/article/exploding-wealth-inequality-united-states

Capital accumulation, private property and rising inequality

https://www.nber.org/papers/w23368.pdf

The evolution of wealth inequality over half a century: The role of taxes, transfers and technology

http://markus-poschke.research.mcgill.ca/papers/KP_toptax.pdf

The Research Agenda Post-“Capital in the 21st Century”

https://eml.berkeley.edu/~saez/saez_pikettyvolume.pdf

Shifting tax burden to top income earners: what is the best way to reduce inequality?

http://www.economics-ejournal.org/economics/discussionpapers/2019-26/file

Why Market Imperatives Invigorate Economic Inequality? Cobb-Douglas Utility Remodelled

http://www.panoeconomicus.org/index.php/jorunal/article/view/695

Improving the Measure of the Distribution of Personal Income

http://www.iariw.org/copenhagen/gindelsky.pdf

Cowen and Cochrane are confused about price controls

Tyler Cowen and John Cochrane think that the minimum wage traces out a labor demand curve.  It does not.  There are many ways that a competitive labor market can comply with the minimum wage, and cutting employment is only one of them.  E.g., change the composition of compensation, change the work schedule, change the location of employment, etc.

So labor demand could be wage-elastic but a socially costly minimum wage have no effect (or even a positive effect) on employment in a competitive labor market.

For a more detailed analysis, see also The Upside Down Economics of Regulated and Otherwise Rigid Prices.

Medicare for All has Been Around for Years

Below is a chart of the fraction of Democrats (including Independents who caucus with Democrats)  that sponsor or cosponsor "Medicare for All" (M4A) bills, including Senator Bernie Sanders' earlier versions under the title "American Health Security Act."  All of these would prohibit private health insurance (Ted Kennedy's "Medicare for All" bills are not included).

This shows that M4A has enjoyed significant support for a number of years.  What is recent is for people to recognize what the bills actually say.