Who bears the incidence of a general wealth tax when the interest elasticity of supply of savings

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Who bears the incidence of a general wealth tax when the interest elasticity of supply of savings is zero? Why is the incidence most likely to be progressive?

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Public Finance A Contemporary Application Of Theory To Policy

ISBN: 9780538754460

10th Edition

Authors: David N Hyman

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Question Posted: Aug 15, 2023 02:29 PM

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Who bears the incidence of a general wealth tax when the interest elasticity of supply of savings

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In a scenario where the interest elasticity of supply of savings is zero the burden or incidence of a general wealth tax falls predominantly on the ow...View the full answer

Public Finance A Contemporary Application Of Theory To Policy

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