Tag Archives: Income Tax

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Taxing Wealth Instead of Income, Part 2

Author: Robert Eisenbeis, Ph.D., Post Date: October 15, 2019
Cumberland Advisors' Robert "Bob" Eisenbeis, Ph.D.

As a follow-up to David Kotok’s piece last week on taxing wealth (https://www.cumber.com/cumberland-advisors-market-commentary-wealth-tax/), it may be useful to remind readers what the potential incentive effects might be when it comes to the implications of wealth tax proposals to tax wealth may have on entrepreneurs and business structures. Proponents of a wealth tax are motivated by […]

Cumberland Advisors Market Commentary – Wealth Tax

Author: David R. Kotok, Post Date: October 9, 2019
Wealth Tax

Democratic presidential candidates Castro, Sanders, and Warren have explicitly sponsored wealth taxation. Readers may view the candidates’ proposals at their campaign websites: Castro: https://issues.juliancastro.com/working-families-first/ Sanders: https://berniesanders.com/issues/tax-extreme-wealth/ Warren: https://elizabethwarren.com/plans/ultra-millionaire-tax A New York Times article published last week considers the economic implications of both Sanders’ and Warren’s proposals: “Democrats’ Plans to Tax Wealth Would Reshape the U.S. […]

Taxing Wealth Instead of Income?

Author: Robert Eisenbeis, Ph.D., Post Date: February 13, 2019
Cumberland Advisors' Robert "Bob" Eisenbeis, Ph.D.

With the desire to finance both an increasing deficit and an increase in government services, politicians are searching far and wide for funds. Increasingly, proposals are surfacing to tax wealth rather than income as the means to fund pet projects. The proposals attract followers since unequal distribution of wealth is viewed as a problem that […]

Tax the Rich

Author: Robert Eisenbeis, Ph.D., Post Date: January 29, 2019
Cumberland Advisors' Robert "Bob" Eisenbeis, Ph.D.

As the political season begins to heat up for 2020, we have seen an increasing number of proposals to provide free education, free healthcare, a universal guarantee of a living wage, etc. With an historic level of public debt topping $21 trillion and a deficit of nearly $1 trillion and projected to climb even more […]