Mindful of surging economic inequality during the pandemic, Senators Bernie Sanders and Elizabeth Warren proposed a new billionaire tax. But would that billionaire tax help or hurt the American economy in the long run?
If you’d like to dig deeper into primary sources referenced in this report:
- Here’s the letter from Cal-Berkeley economists to Sen. Warren
- Here’s former Treasury Secretary Larry Summers’ opinion piece
- Here’s the wealth tax evaluation from The Tax Foundation, a group supported by prominent conservative donors
- Here’s the wealth tax evaluation from the University of Pennsylvania’s Wharton Budget Model