Should we tax the wealthy?
In this episode, we dive deep into the complexities of wealth inequality, capital taxation, and offshore tax evasion. Drawing insights from the paper by Shahar Rotberg and Joseph Steinberg, we explore how increasing taxes on capital income and wealth could lead to unintended consequences, such as heightened offshore tax evasion. The episode discusses a dynamic general equilibrium model that assesses the economic impact of different taxation scenarios, including progressive wealth taxes proposed by political figures. Listen as we uncover how these tax policies might affect public finances, investment, inequality, and overall welfare in the economy.
