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A progressive European wealth tax to fund the European COVID response

Landais, Camille, Saez, Emmanuel and Zucman, Gabriel (2020) A progressive European wealth tax to fund the European COVID response. VoxEU.

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Abstract

European governments have reacted swiftly to the COVID crisis and are now discussing ways to mutualise the cost of the epidemic. This column proposes the creation of a progressive, time-limited, European-wide progressive wealth tax assessed on the net worth of the top 1% richest individuals. If fighting COVID-19 requires issuing 10 points of EU GDP in Eurobonds (or a rescue fund worth 10 points of EU GDP), a progressive wealth tax would be enough to repay all this extra debt after ten years.

Item Type: Article
Official URL: https://voxeu.org/
Additional Information: © 2020 The Authors
Divisions: Economics
Subjects: R Medicine > RA Public aspects of medicine > RA0421 Public health. Hygiene. Preventive Medicine
H Social Sciences > HV Social pathology. Social and public welfare. Criminology
Date Deposited: 07 May 2020 09:00
Last Modified: 30 Jun 2020 07:50
URI: http://eprints.lse.ac.uk/id/eprint/104265

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