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Phys Org

Phys Org

Wealth tax linked to increased savings, study finds

Phys Org
Summary
Nutrition label

88% Informative

U.S. Sen. Elizabeth Warren introduced one version of a wealth tax, which would tax net worth over $50 million at 2% and $1 billion at 3% .

Critics say it would reduce people's incentives to save money.

But new research from Texas McCombs questions whether wealth taxes reduce savings.

Marius Ring looked at geographic differences in how the tax was assessed from 2005 to 2015 .

VR Score

94

Informative language

97

Neutral language

57

Article tone

informal

Language

English

Language complexity

42

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

medium-lived

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