by In a series of blog posts, John Cochrane criticizes the Saez-Zucman proposal for higher wealth taxes. In posts #1 to #4 he argues that economic arguments for wealth taxes are inconsistent or not convincing. In post #5 he concludes that Saez-Zucman truly are motivated by political objectives which are grounded in the view that wealth of the rich is ill-gotten or that the rich have a disproportionate, negative influence on politics. Saez and Zucman want to confiscate billionaires’ wealth, because they think billionaires have too much political power, billionaires all got their money unjustly, and somehow though big government cronyism is the problem, bigger government is the answer. Cochrane rejects this view.
Topics:
Dirk Niepelt considers the following as important: inequality, Notes, Politics, Wealth inequality, Wealth tax
This could be interesting, too:
Investec writes Commission wants to postpone pension hike funding question
Dirk Niepelt writes Budgetary Effects of Ageing and Climate Policies in Switzerland
Claudio Grass writes Saving in gold is the only reliable way to save
Claudio Grass writes Saving in gold is the only reliable way to save
In a series of blog posts, John Cochrane criticizes the Saez-Zucman proposal for higher wealth taxes. In posts #1 to #4 he argues that economic arguments for wealth taxes are inconsistent or not convincing. In post #5 he concludes that Saez-Zucman truly are motivated by political objectives which are grounded in the view that wealth of the rich is ill-gotten or that the rich have a disproportionate, negative influence on politics.
Saez and Zucman want to confiscate billionaires’ wealth, because they think billionaires have too much political power, billionaires all got their money unjustly, and somehow though big government cronyism is the problem, bigger government is the answer.
Cochrane rejects this view.