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What would happen if we banned billionaires?

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  • Jain, Parth

Abstract

This essay aims to introduce a discussion into outlawing the existence of perhaps the most significant economic actors in modern society: billionaires. By reviewing literature and statistical evidence on their impact on both a macro and microeconomic level, arguments and counterarguments about possible economic outcomes and their likelihood are discussed.

Suggested Citation

  • Jain, Parth, 2023. "What would happen if we banned billionaires?," MPRA Paper 118679, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:118679
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    References listed on IDEAS

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    1. Junius, Karsten, 1997. "Economies of scale: A survey of the empirical literature," Kiel Working Papers 813, Kiel Institute for the World Economy (IfW Kiel).
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    3. Emmanuel Saez & Gabriel Zucman, 2022. "Wealth Taxation: Lessons from History and Recent Developments," AEA Papers and Proceedings, American Economic Association, vol. 112, pages 58-62, May.
    4. Thomas Piketty & Emmanuel Saez & Gabriel Zucman, 2023. "Rethinking capital and wealth taxation," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 39(3), pages 575-591.
    5. Rana P. Maradana & Rudra P. Pradhan & Saurav Dash & Kunal Gaurav & Manju Jayakumar & Debaleena Chatterjee, 2017. "Does innovation promote economic growth? Evidence from European countries," Journal of Innovation and Entrepreneurship, Springer, vol. 6(1), pages 1-23, December.
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    More about this item

    Keywords

    billionaires; wealth tax; climate change; SMEs; carbon footprint;
    All these keywords.

    JEL classification:

    • H2 - Public Economics - - Taxation, Subsidies, and Revenue
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth

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