In an interview, the SPD chancellor candidate Olaf Scholz recently said that his income made him “rich in Germany” – and spoke out in favor of a higher top tax. But which way of redistribution is the best?
Around 200,000 euros – that’s how much Olaf Scholz earns every year as Minister of Finance. Big earners like him should pay higher taxes in the future, said the SPD chancellor candidate in a recent interview. But how exactly should one tax wealth? And what does a wealth tax bring? Moderator Michel Abdollahi speaks about this in the podcast “Today important” with tax expert Stefan Bach from the German Institute for Economic Research.
Better tax the heirs
Stefan Bach clears up a myth about wealth tax – this is, if properly introduced, quite practicable and would not devour around a third of the income directly as administrative costs. However, he also says: “Before you start with such complicated things as an ongoing wealth tax, you should first adjust the inheritance tax.” His reasoning: “If you inherit something, you haven’t done anything for it. On the other hand, wealth tax – you also tax those who are intelligent and hardworking and suddenly have huge fortunes.”
Consequences of climate change?
In addition, the episode is about the extreme weather in many places around the world. The RTL weather expert Bernd Fuchs answers Abdollahi’s question to what extent the tornadoes and record temperatures are already a consequence of climate change.
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