Add wealth_tax lecture: estimating wealth tax revenue

lectures/_static/quant-econ.bib

@@ -3148,3 +3148,51 @@ @article{stigler2007epic
   pages     = {598--620},
   year      = {2007}
 }
+
+@article{saez2016wealth,
+  title     = {Wealth inequality in the {United States} since 1913: Evidence from capitalized income tax data},
+  author    = {Saez, Emmanuel and Zucman, Gabriel},
+  journal   = {Quarterly Journal of Economics},
+  volume    = {131},
+  number    = {2},
+  pages     = {519--578},
+  year      = {2016}
+}
+
+@article{saez2019progressive,
+  title     = {Progressive wealth taxation},
+  author    = {Saez, Emmanuel and Zucman, Gabriel},
+  journal   = {Brookings Papers on Economic Activity},
+  volume    = {2019},
+  number    = {2},
+  year      = {2019}
+}
+
+@article{vermeulen2018fat,
+  title     = {How fat is the top tail of the wealth distribution?},
+  author    = {Vermeulen, Philip},
+  journal   = {Review of Income and Wealth},
+  volume    = {64},
+  number    = {2},
+  pages     = {357--387},
+  year      = {2018}
+}
+
+@article{jones2015pareto,
+  title     = {Pareto and {Piketty}: The macroeconomics of top income and wealth inequality},
+  author    = {Jones, Charles I.},
+  journal   = {Journal of Economic Perspectives},
+  volume    = {29},
+  number    = {1},
+  pages     = {29--46},
+  year      = {2015}
+}
+
+@techreport{bricker2017updates,
+  title       = {Updates to the sampling of wealthy families in the {Survey of Consumer Finances}},
+  author      = {Bricker, Jesse and Henriques, Alice and Moore, Kevin},
+  institution = {Board of Governors of the Federal Reserve System},
+  type        = {Finance and Economics Discussion Series},
+  number      = {2017-114},
+  year        = {2017}
+}

lectures/_toc.yml

@@ -26,6 +26,7 @@ parts:
   chapters:
   - file: simple_linear_regression
   - file: mle
+  - file: wealth_tax
   - file: bayes_intro
 - caption: Foundations
   numbered: true

lectures/heavy_tails.md

@@ -1068,10 +1068,9 @@ This means that diversification doesn't help at all!
 
 The heaviness of the tail in the wealth distribution matters for taxation and redistribution policies.
 
-The same is true for the income distribution.
+For example, it helps determine {doc}`how much revenue a wealth tax will raise <wealth_tax>`.
 
-For example, the heaviness of the tail of the income distribution helps
-determine {doc}`how much revenue a given tax policy will raise <mle>`.
+The same is true for the income distribution.
 
 
 (cltail)=