Wealth inequality: Closing the gap by taxing land and bequests

(Potsdam Institute for Climate Impact Research (PIK)) To reduce wealth inequality without diminishing the economic performance of a country, a policy package of bequest taxes and land value taxes could be the optimal solution. Such a policy package would, in fact, have a strong advantage over corporate taxation, a new study published in the journal International Tax and Public Finance finds. It is the first analysis to include the so far neglected factor of land for tackling wealth inequality.

from EurekAlert! - Social and Behavioral Science http://ift.tt/2ueTEVU