Critiques of the Wharton analysis could include its failure to consider the senators anti-evasion measures, designed to prevent households from reallocating cash to minimize or circumvent the tax.
This is an analysis of a different and worse plan than Elizabeths, using unsupportable assumptions about how the economy works, and its conclusions are meaningless, Sharma said. Other experts and economists have found that her middle-class investments will produce significant economic growth.
The Wharton authors acknowledge this in their study, noting that in the absence of specific legislative language, their evasion estimates are an educated guess based on the international record with wealth taxes.
They also concede that the Warren campaign stresses that significant enforcement efforts will be enacted as part of the policy, including an acceleration in IRS audit rates.
The study admits it doesnt account for the types of investments that could be made using the wealth taxs revenues when determining the growth effects of her plan.