fbpx Why Wealth Taxes Are Not Enough | Harvard Kennedy School

Additional Authors:

  • Kenneth Rogoff


Why Wealth Taxes Are Not Enough. Kenneth Rogoff, November 4, 2013, Opinion. "Should advanced countries implement wealth taxes as a means of stabilizing and reducing public debt over the medium term? The normally conservative International Monetary Fund has given the idea surprisingly emphatic support. The IMF calculates that a one-time 10% wealth levy, if introduced quickly and unexpectedly, could return many European countries to pre-crisis public debt/GDP ratios. It is an intriguing idea. The moral case for a wealth tax is more compelling than usual today, with unemployment..." Link verified June 19, 2014