Wealth tax neutrality holds under stochastic volatility and Epstein-Zin utility but fails for HARA preferences, while real taxes introduce distortions through non-uniform assessment, price effects, progressive thresholds that boost risk-taking near boundaries, and labor supply responses.
David Burgherr
2 Pith papers cite this work, alongside 65 external citations. Polarity classification is still indexing.
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physics.soc-ph 2years
2026 2representative citing papers
A proportional wealth tax preserves the Gini coefficient at finite times under homogeneous returns, while a progressive tax acts as a confining potential that reduces inequality at a rate determined by the progressivity parameter.
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Extensions to the Wealth Tax Neutrality Framework
Wealth tax neutrality holds under stochastic volatility and Epstein-Zin utility but fails for HARA preferences, while real taxes introduce distortions through non-uniform assessment, price effects, progressive thresholds that boost risk-taking near boundaries, and labor supply responses.
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From Gravity to Confinement: Wealth Redistribution as Optimal Drift Design in the Fokker-Planck Framework
A proportional wealth tax preserves the Gini coefficient at finite times under homogeneous returns, while a progressive tax acts as a confining potential that reduces inequality at a rate determined by the progressivity parameter.