Saturday, August 31, 2019

#GERMANY: Social Democrats Consider "Wealth Tax" To Fund Infrastructure, "Climate Change" Initiatives

[world politics news]


Germany's ailing Social Democrats are mulling a move to push for the introduction of a wealth tax that would be used to fund public infrastructure and climate protection measures, according to the party's interim leader.

Thorsten Schäfer-Gümbel, one of the SPD's three interim leaders, told regional newspaper Rheinische Post on Friday that he envisages levying an extra 1% tax on millionaires, billionaires and big corporations.

[FULL STORY HERE]

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