Wealth Taxes 'Lose'? A Math Journal's Surprising Tax Verdict

A paper in Econometrica by Aguiar, Moll, and Scheuer bluntly concludes that 'wealth taxes lose the comparison' to a well-designed capital gains tax. Daniel and Emily unpack why asset prices were the missing piece in tax theory, and whether a result that wins on paper can survive how ordinary people feel about fairness. ## Hosts ### Daniel Altman Daniel Altman is a computer scientist and AI strategist with a background in engineering, quantitative research, and emerging technologies. He studies how technological breakthroughs reshape industries, markets, work, and human capabilities. ### Emily Carter Emily Carter is a business strategist and former technology product leader with experience building digital products and studying how innovation reaches millions of users. She focuses on AI adoption, business transformation, work, education, entrepreneurship, and leadership. ## Sources - https://marginalrevolution.com/marginalrevolution/2026/09/capital-gains-vs-wealth-taxes.html?utm_source=rss&utm_medium=rss&utm_campaign=capital-gains-vs-wealth-taxes ## Episode Information Language: en Published: 2026-09-08T16:06:15.638417+00:00