BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//AMSE//Event Calendar//FR
CALSCALE:GREGORIAN
METHOD:PUBLISH
BEGIN:VEVENT
UID:event-11320@www.amse-aixmarseille.fr
DTSTAMP:20260422T193150Z
CREATED:20260422T193150Z
LAST-MODIFIED:20260422T193150Z
STATUS:CONFIRMED
SEQUENCE:0
SUMMARY:Eco-lunch - Arthur Guillouzouic
DTSTART:20241107T113000Z
DTEND:20241107T123000Z
DESCRIPTION:Real-world wealth taxes include income-based caps to make sure 
 income-poor yet wealth-rich households do not have to sell illiquid assets.
  We show in the French context that these caps are binding mostly among hou
 seholds at the very top of the wealth distribution\, who own liquid yet inc
 ome-tax-deferred assets. These liquid assets typically amount to at least f
 ifty times the yearly pre-cap tax. When the tax cap was temporarily removed
  in 2012\, there was no subsequent surge in asset sales and decline in asse
 t returns. When the wealth tax was cancelled in 2017\, capped households’
  taxable income rose swiftly and massively\, notably through higher capital
  gains\, life-insurance earnings\, and dividends. We conclude that caps at 
 such levels as were observed in France do not serve their theoretical purpo
 se of protecting illiquid assets. Rather\, they reduce the proceeds from pr
 ogressive wealth taxes\, and make wealth taxes act as an additional income 
 tax precisely on the population whose wealth is a better proxy for taxpayin
 g ability than income.\\n\\nContact: Nathalie Ferrière: nathalie.ferriere
 [at]sciencespo-aix.frFederico Trionfetti: federico.trionfetti[at]univ-amu.
 fr\n\nPlus d'informations: https://www.amse-aixmarseille.fr/en/events/arthu
 r-guillouzouic-2
LOCATION:MEGA
URL;VALUE=URI:https://www.amse-aixmarseille.fr/en/events/arthur-guillouzouic-2
CONTACT:Nathalie Ferrière:&nbsp\;nathalie.ferriere[at]sciencespo-aix.frFed
 erico Trionfetti:&nbsp\;federico.trionfetti[at]univ-amu.fr
TRANSP:OPAQUE
END:VEVENT
END:VCALENDAR