Does Elizabeth Warren's Wealth Tax Add Up?
- Author
- This Week in Business
- Published
- Thu 19 Dec 2019
- Episode Link
- https://budgetmodel.wharton.upenn.edu/issues/2019/12/12/senator-elizabeth-warrens-wealth-tax-projected-budgetary-and-economic-effects
Wharton Professor Kent Smetters discusses the Penn Wharton Budget Model's analysis of Senator Elizabeth Warren's wealth tax. They found that Warren's proposal would shrink the economy between .09 and 2.1 percent by 2050, and raise roughly $1.0 to $1.4 trillion less than Warren's campaign estimate.
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