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Max Franks@maxfranks.bsky.social |
#inequality is on the rise across #OECD nations, but at the same wealth taxes continually fell. In a new paper w/ Ottmar #Edenhofer, we present a new solution to reduce inequality: Tax land (and other rents). Why is this fair and also efficient? 🧵
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Max Franks
@maxfranks.bsky.social
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(2/n) Importantly, wealth & capital aren’t equal. Often, it’s assumed that wealth consists of only one asset class: capital. In reality, there are more than that - and a very interesting one is land. So we analyze differences btw capital & land as tax base
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