Jay Soled on Estate Tax Reform

In this episode, Jay Soled, Professor and Director of Master of Accountancy in Taxation at Rutgers University, discusses his paper, "Reimagining the Estate Tax in the Automation Era," published in the UC Irvine Law Review. Soled begins by talking about the history of the estate tax in the United States, and its relation to the income tax in the United States. He claims that the decline of labor's share of income and the advance of automation will lead to declines in government revenue, as income taxes make up the majority of collected taxes. As an alternative, he proposes a re-invigorated estate tax acting as a deferred tax on capital income, minimizing the potential for capital flight and un-realized gains that result from a direct tax on capital income. And he provides justifications for his strengthened and broadened estate tax. Soled concludes by discussing what policymakers, lawmakers, and people should take away from his proposal. Soled's scholarship is available on SSRN.

This episode was hosted by Luce Nguyen, a college student and the co-founder of the Oberlin Policy Research Institute, an undergraduate public policy research organization based at Oberlin College. Nguyen is on Twitter at @NguyenLuce. 

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