Policy Brief: A European Wealth Tax

Jakob Kapeller, Stuart Leitch and Rafael Wildauer

No 32134, Greenwich Papers in Political Economy from University of Greenwich, Greenwich Political Economy Research Centre

Abstract: The distribution of wealth in the European Union is heavily concentration at the top. The richest 1% of households hold a third of total aggregate net wealth while the poorest 50% of households hold less than 5% of total net wealth. The flipside of this strong concentration of wealth is the high revenue potential of wealth taxes. The estimates presented here suggest that a progressive tax on net wealth could generate revenues between 3% and 10.8% of GDP.

Keywords: Wealth tax; wealth distribution; inequality (search for similar items in EconPapers)
Date: 2021-04-09
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