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Walter-Borjans demands additional burdens for the wealthy
The | Reading time: 2 minutes.
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To cushion the consequences of the crown crisis, SPD leader Norbert Walter-Borjans wants to impose a greater burden on higher incomes. He believes that the tax cuts for millionaires are “utter nonsense.” The state will need more and not less money in the coming years.
SDP chief Norbert Walter-Borjans has called for an increased burden on high-income people in the crown crisis. Help was needed now “for all who cannot face the crisis with a solid financial cushion,” Walter-Borjans told the newspapers of the Funke media group with a view to workers, temporary workers, pensioners and merchants. This should be counter-financed “with a correspondingly higher contribution from the higher income”.
In addition, loan financing is also required when necessary, Walter-Borjans said. The SPD leader rejected black zero in the federal budget: this “would be poison in these times.”
In view of the economic and social challenges posed by the crisis, Walter-Borjans turned against lower tax demands even for the wealthy. “Tax cuts for millionaires, like those demanded by the CDU, CSU and FDP, are therefore silly,” he said. The state will need more and not less money in the coming years, also for planned investments in education, transportation, digitization, and climate protection.
Recently, Federal Finance Minister Olaf Scholz (SPD) had been thinking aloud about a wealth tax as an instrument against the crown crisis. “We have set ourselves the goal of paying additional debts starting in 2023,” Scholz said Thursday on “Bild live.” This objective can only be carried out with a fair and equitable tax system.
The question of additional debt “cannot be answered with tax cuts for those who earn the most,” emphasized the SPD politician. His party’s attitude had always been “to alleviate small and medium incomes.” He added: “And those who earn a few hundred thousand euros may be able to ensure that these reliefs can also be financed.”
For the current year, the federal government has already decided to borrow an additional 156 billion euros due to the crisis. That this is enough is highly questionable. In addition, massive burdens are expected due to higher government spending and lower income in subsequent years. Therefore, Walter-Borjans also called for closing tax loopholes for global corporations and “finally taking the fight against money laundering seriously.”
