Early this AM, N-TV business news had this one brief item....chatter over a 'wealth-tax' by the SPD, Greens and Linke Party.
I won't go into a lot of talk about this.....but there is some possibility that the three political parties in question will form a coalition after the 26 Sep election, and this wealth-tax discussion will come around to be a major issue.
A Munich research group sat and viewed the evidence and trends. So what they said....via N-TV's piece....a wealth-tax will bring some short-term revenue in to pay off Covid-debt (it does exist). But long-term....it'd slow the German economy down (this current recession would last longer).
Odds of this Green-SPD-Linke coalition? Presently, I'd give it less than a 30-percent chance (the Linke is marginally at 6-percent, and the Greens are hovering around 18-percent). If you asked most Germans about their feeling for this type of coalition.....a vast majority (greater than half) would be against this type of situation.
As for the wealth-tax idea? If you went after their money and they moved/left....then how do you resolve the pit that you've dug yourself into....requiring more money to make up for the losses? The Sweden experience of the 1960s is often recited on how companies and the ultra-rich simply packed up and left.
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