Elizabeth Warren’s Wealth Tax Will Aggravate Global Inequality

Monica Victor (S.J.D. 2019, Florida), U.S. Sen. Warren’s Wealth Tax Proposal: Will Fighting U.S. Inequality Aggravate Global Inequality?:

Recently, the U.S. Senator Elizabeth Warren proposed a Wealth Tax on “Americans Super Millionaires” which was announced as a measure to reduce U.S. inequality, to rebuild the American middle class and to promote tax justice. Wealth inequality is a global issue, the imposition of a domestic Wealth Tax without international coordination and agreed international rules about the allocation of taxing rights and wealth among countries will aggravate global inequality and concentrate public revenue in jurisdictions with better enforcement capabilities.

Prior TaxProf Blog posts:

• Elizabeth Warren Proposes Annual Federal Wealth Tax On Net Worth > $50 Million (Jan. 25, 2019)
• The Constitutionality Of Elizabeth Warren's Proposed Federal Wealth Tax (Jan. 26, 2019)
• More On Elizabeth Warren's Wealth Tax (Jan. 29, 2019)
• Daniel Hemel (Chicago), Elizabeth Warren’s Wealth Tax On The Super-Rich Is The Wrong Solution To The Right Problem
• More Reactions To The Alexandria Ocasio-Cortez And Elizabeth Warren Tax Plans (Feb. 8, 2019)
• Calvin Johnson (Texas), The Founding Fathers Believed In A Wealth Tax (Feb. 13, 2019)
• Dawn Johnsen (Indiana) & Walter E. Dellinger III (Duke), The Constitutionality of a National Wealth Tax, 93 Ind. L.J. 111 (2018) (Feb. 15, 2019)
• Michael Simkovic (USC), After Paying Elizabeth Warren's Ultra-High Net Worth Wealth Tax, How Much Would Billionaires Have Left To Live On? (Feb. 26, 2019)
• Wall Street Journal, The Trouble With Taxing Wealth (Mar. 9, 2019)