Cagetti, Marco (contributor); … - 2004 - [Elektronische Ressource]
progressivity of the income tax generates large increases in output, at the cost of large increases in wealth concentration … income tax can generate large increases
in output, as this stimulates entrepreneurial savings and capital formation, but at … tax in-
creases output by 1.4%, but if the income tax is raised to balance the govern-
ment budget constraint, the …