Distribution of wealth: The re-surveying of the Rich

With these Figures in policy making: The richest one percent of the German owns 35 percent of the assets. Previously, it was assumed that "only" 22 percent. O

Distribution of wealth: The re-surveying of the Rich

With these Figures in policy making: The richest one percent of the German owns 35 percent of the assets. Previously, it was assumed that "only" 22 percent. On the upper 10 percent of two-thirds of the total assets, instead of 59 percent. The Rich, it has brought with it an elaborate study by the German Institute for economic research (DIW), to the light, are even richer than suspected.

For those that the Wealthy want to ask for more cash, it is not clear what follows from this: Higher taxes for the Rich, called the joint welfare Association immediately. For all the other the study, the people is based on more than a thousand interviews probably provides a rich treasure of new knowledge. Even with those policies can do – however, other than charities of your choice.

The reflexes of the SPD-Boss

The German millionaires are not privateers, which lie on the lazy skin. Three-quarters of them are self-employed or an entrepreneur, very often in leading positions. 40 percent of the assets are stuck in shares in the company, and are therefore operating assets, where jobs, salaries and tax revenue depend. With an average of 47 hours a week millionaires work more than the content of classes including.

envy debates are uncalled for, property taxes are the wrong answer, warn, therefore, the DIW researchers, which are not known to be associated with state redistribution on a war footing. This is right and important. No one would have anything of those higher taxing, which provide work and salaries.

Updated Date: 15 July 2020, 14:20

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