Speaking at a symposium on “Social Mobility and Inequality in South Africa” co-hosted by the Southern Africa Labour and Development Research Unit (SALDRU) and the Friedrich Ebert Stiftung South Africa Office, Prof. Ingrid Woolard talked about the Wealth Tax and High Incomes.
Download Prof. Woolard’s slide presentation (PDF). Listen to a podcast of this presentation. Scan the symposium’s programme (PDF).
Social Media Coverage
@IngridWoolard Dean and member of #DavisTaxCommission pays tribute to retiring Professor #FrancisWilson @SALDRU1 seminar #PovertyandInequality before speaking about #WealthTax pic.twitter.com/fAdcjIY2we
— REDI (@REDI3x3) April 23, 2018
How rich are the rich? 2,5% of South Africans earn more than 100,000 U.S. dollars. 0.1 % of South Africans earn more than a million U.S. dollars @IngridWoolard said at @SALDRU1 & @FES_SouthAfrica Symposium on Social Mobility & Inequality today. pic.twitter.com/3FXJfj3XMy
— SALDRU (@SALDRU1) April 23, 2018
95% of wealth is held by the top 10% of households in South Africa @IngridWoolard said at @SALDRU1 & @FES_SouthAfrica Symposium on Social Mobility & Inequality today.
— SALDRU (@SALDRU1) April 23, 2018
@IngridWoolard: research has established there's even higher inequality in wealth than in income in SA @SALDRU1 #PovertyandInequality
— REDI (@REDI3x3) April 23, 2018
Income share of top 1% has gone up sharply since 2003: @IngridWoolard @SALDRU1 @FES_SouthAfrica #PovertyandInequality pic.twitter.com/gpz7o53ce6
— REDI (@REDI3x3) April 23, 2018
Forms of wealth tax: annual wealth tax, inheritance tax, estate tax, transfer tax : @IngridWoolard @SALDRU1 #PovertyandInequality @FES_SouthAfrica
— REDI (@REDI3x3) April 23, 2018
@IngridWoolard explains positives and negatives of #NetWealthTax: some admin problem e.g. Who values, for instance, a painting. @SALDRU1 #PovertyandInequality @FES_SouthAfrica
— REDI (@REDI3x3) April 23, 2018
Valuation is difficult in the case of non or infrequently traded assets such as pension rights, household effects: @IngridWoolard #NetWealthTax @SALDRU1 #PovertyandInequality @FES_SouthAfrica
— REDI (@REDI3x3) April 23, 2018
Only 4 OECD countries still have #NetWealthTax because its expensive to collect and generates very little revenue: @IngridWoolard #PovertyandInequality @SALDRU1 @FES_SouthAfrica
— REDI (@REDI3x3) April 23, 2018
@IngridWoolard: Tax policy is a key instrument for redistribution but wealth tax needs careful consideration if its aim is to change pattern of wealth distribution @SALDRU1 #PovertyandInequality @FES_SouthAfrica
— REDI (@REDI3x3) April 23, 2018