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- W3123843150 abstract "A dynamic agent model is introduced with an annual random wealth multiplicative process followed by taxes paid according to a linear wealth-dependent tax rate. If poor agents pay higher tax rates than rich agents, eventually all wealth becomes concentrated in the hands of a single agent. By contrast, if poor agents are subject to lower tax rates, the economic collective process continues forever." @default.
- W3123843150 created "2021-02-01" @default.
- W3123843150 creator A5057963951 @default.
- W3123843150 date "2017-01-01" @default.
- W3123843150 modified "2023-09-27" @default.
- W3123843150 title "Rich or poor: Who should pay higher tax rates?" @default.
- W3123843150 hasPublicationYear "2017" @default.
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