Perpetuating Inequality by Taxing Wealth by Goldburn P. Maynard

Goldburn P. Maynard, Brandeis School of Law, has made available for download his paper, “Perpetuating Inequality by Taxing Wealth.” The abstract reads,

Proposals to “fix” the estate tax by making it both more far-reaching and meaningful are plentiful. While these suggested improvements are reasonable, and even modest, they have failed to confront an important part of Graetz and Shapiro’s book, Death by a Thousand Cuts: stories trump science. This Article attempts to correct this shortcoming in the progressive argument by returning narrative to its central place in the estate tax debate. Drawing on psychological insights, I hope to underscore the difficulty of the effort to preserve progressive taxation and combat wealth inequality. I argue that the proposals have not confronted the underlying narratives that estate tax abolitionists have advanced. I use System Justification Theory to explain the entrenched and persistent nature of these narratives.

Find the full paper for download here: Perpetuating Inequality by Taxing Wealth by Goldburn P. Maynard

Posted by Allison Trupp, Associate Editor, Wealth Strategies Journal