Artikel
Universal capital endowment and wealth taxes could reduce wealth inequality
Wealth is very unequally distributed in Germany. To effect a long-term reduction, the new Federal Government could focus on more effectively promoting home ownership, supplementary retirement provision, and other precautionary savings. However, a universal capital endowment could decrease wealth inequality much more rapidly and successfully. In this report, a universal capital endowment of up to 20,000 euros is simulated, which is granted to everyone 18 and older. These programs, which would require around 22.6 billion euros annually, could be financed by increasing the inheritance tax, implementing a recurrent wealth tax on the ultra wealthy, and taxing real estate properties more effectively. A universal capital endowment, which primarily increases the wealth of the lower and middle classes, paired with wealth taxes would significantly reduce wealth inequality in Germany: Simulations show that the Gini coefficient would decrease by five to seven percent as a result.
- Sprache
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Englisch
- Erschienen in
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Journal: DIW Weekly Report ; ISSN: 2568-7697 ; Volume: 11 ; Year: 2021 ; Issue: 49/52 ; Pages: 379-387 ; Berlin: Deutsches Institut für Wirtschaftsforschung (DIW)
- Klassifikation
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Wirtschaft
National Government Expenditures and Welfare Programs
Personal Income and Other Nonbusiness Taxes and Subsidies; includes inheritance and gift taxes
Personal Income, Wealth, and Their Distributions
- Thema
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Wealth formation
capital endowment (minimum inheritance)
wealth taxation
wealth distribution
- Ereignis
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Geistige Schöpfung
- (wer)
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Bach, Stefan
- Ereignis
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Veröffentlichung
- (wer)
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Deutsches Institut für Wirtschaftsforschung (DIW)
- (wo)
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Berlin
- (wann)
-
2021
- DOI
-
doi:10.18723/diw_dwr:2021-49-1
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:44 MEZ
Datenpartner
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Objekttyp
- Artikel
Beteiligte
- Bach, Stefan
- Deutsches Institut für Wirtschaftsforschung (DIW)
Entstanden
- 2021
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