Changes in the Distribution of Alter-Tax Wealth: Will Wealth Tax Improve the Wealth Distribution Inequality in the United States?

Abstract

This paper reviews the historical trends of the distribution of income and wealth in the United States. It also discusses the literature on whether imposing wealth tax suggested by Senator Warren and Sanders will improve the inequalities. The paper researches the tax policy regarding the Wealth taxes on ultra-wealthy households, the policy that has been proposed by Democratic presidential candidates to fight against inequality and raise extra revenue in the long term.