Summary: Wharton Professor Kent Smetters discusses the Penn Wharton Budget Model's analysis of Senator Elizabeth Warren's wealth tax. They found that Warren's proposal would shrink the economy between .09 and 2.1 percent by 2050, and raise roughly $1.0 to $1.4 trillion less than Warren's campaign estimate.<br><hr><p style="color:grey;font-size:0.75em;"> See <a style="color:grey;" target="_blank" rel="noopener noreferrer" href="https://acast.com/privacy">acast.com/privacy</a> for privacy and opt-out information.</p>
