Wealth tax: Scholz wants tax increases for top earners



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Status: 02/25/2021 6:47 am

SPD chancellor candidate Olaf Scholz wants to push for tax increases for the top earners and the wealthy, as well as relief for low and middle incomes in the next legislative term.

Those who earn more and the rich should pay higher taxes, this is what SPD chancellor candidate Olaf Scholz advocates. Part of fair taxation is “that those who earn a lot make a somewhat larger contribution to community funding so that low and middle incomes can be alleviated a bit,” Scholz emphasized. The SPD also advocates for the estate tax so that states and municipalities have more money available for infrastructure, daycare, schools, local public transportation, and police.

The tax system must be fairer

“I agree with the vast majority of citizens that we have to make our tax system more equitable,” said the Federal Minister of Finance. He believes that those who earn big should make a slightly larger contribution to community funding. Tax breaks such as the abolition of the solidarity surcharge for high incomes – as required by the Union and the FDP – are, according to Scholz, a “decision against the people.”

With all my strength against the pandemic

Scholz also wants to continue the federal government’s current financial policy with high loan-financed spending to combat the Crown crisis in 2022 and beyond. The federal government decided “to do everything possible to oppose the pandemic and its consequences,” Scholz said. Neither future investment nor the welfare state should be “scarce” now. As after the financial crisis of 2008 and 2009, the federal government will get out of debt again.

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