Policy Forum: The Case for an Annual Net Wealth Tax

A. Jackson, Toby Sanger
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引用次数: 1

Abstract

The public and policy makers are showing a renewed interest in wealth taxes as a possible response to the problem of wealth inequality. This article describes the recent trend of rising wealth inequality, and the factors contributing to it, in developed countries, including Canada. The authors argue that an annual wealth tax could and should counter the trend, and that such a tax is both justifiable on economic grounds and technically feasible. They assert that the taxation of capital income does not adequately address the largely tax-free accumulation of large fortunes, and that an annual wealth tax is preferable to property taxes, which exclude the taxation of financial assets and are levied on gross rather than net wealth. The article responds in detail to major criticisms of an annual tax on wealth, arguing that such a tax is needed to achieve a more equal distribution of wealth while raising additional revenues.
政策论坛:每年征收净财富税的理由
公众和政策制定者对财富税重新表现出兴趣,认为这可能是对财富不平等问题的一种回应。这篇文章描述了包括加拿大在内的发达国家最近财富不平等加剧的趋势,以及造成这种不平等的因素。作者认为,每年征收财富税能够也应该扭转这种趋势,而且这种税在经济上是合理的,在技术上也是可行的。他们断言,对资本收入征税并不能充分解决巨额财富在很大程度上是免税的积累问题,而且每年征收财富税比财产税更可取。财产税不包括对金融资产征税,对总财富而非净财富征税。这篇文章详细回应了对年度财富税的主要批评,认为这种税是必要的,以实现更公平的财富分配,同时增加额外的收入。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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