Warren Wealth Tax Could Slow Economy, Early Analysis Finds

[BeyondGeography]

8. Pathetic, pointless hit job

Mr. Zucman said in an interview that the analysis did not take into account Ms. Warren’s spending plans, which he said would most likely bolster savings, investment and labor-force participation — and, with them, growth.

“If the government collects $3 trillion in wealth tax revenue, and spends $3 trillion on public infrastructure,” he said, “it’s unclear that there should be a reduction” in the amount of overall investment in the economy.

Another economist who has evaluated Ms. Warren’s plans at her request, Mark Zandi of Moody’s, wrote on Wednesday that his analyses suggested that her spending on “child care, housing and green manufacturing would spur economic growth and produce more tax revenue.”