German finance minister backs plans for wealth tax: Handelsblatt

German Finance Minister Olaf Scholz attends a news conference on his bid to lead the centre-left SPD party in Berlin, Germany, August 21, 2019. REUTERS/Axel Schmidt

Leading members of the SPD, junior partners in the ruling coalition, will meet on Monday to discuss plans to reintroduce the tax, which have developed in a working group led by Thorsten Schaefer-Guembel, who heads the SPD in Hesse state.“I have closely worked with the SPD working group and I’m supporting the result to follow the Swiss model,” Scholz, running for leadership of the SPD, was quoted as saying.

Andreas Jung, vice chair of the conservative benches in parliament, said Chancellor Angela Merkel’s conservative Christian Democratic Union was opposed to the move, Handelsblatt reported.

Big Brother realDonaldTrump no like wealth tax. POTUS prefer taxing poor & big budget deficits. MickMulvaneyOMB PressSec OMBPress SenBillCassidy RepClayHiggins SenJohnKennedy 1984isnow

Democrats doing things to mess up Germany's economy again. Tax cuts lead to investment and job creation!

Of course they do. Anything to avoid actual economic growth in the EU - because that would lead to a loss of centralized control

So they can give it to the moose lamb immigrants.

NoSPD

have strong words with BoristheBullshiter

Tax them up

how about 'automation tax' to companies killing jobs with automation? It makes more sense..

If a mogul takes 40,000 jobs by sheer intelligence, then tax him for 20-30,000. Welfare systems would then have an angel in their ranks.

That’s a bit ‘rich’ coming from such people.

Another step toward socialism. Stupid.

That nice collection looks expensive got there be shame if not taxed 'our' people GermanyDiplo usnavy ripple alwayschoice mare re: pay grade increase TattooSkills culture lease-a Fidelity positions ally delusional concepts let you down nothing can do development rate .us

Smelling the baskets.

Some sense!

Worst Germany's finance minister ever... 🙈

Wealth tax to finance programs to fight global warming but not their defense, it's better to let American taxpayers pay for that. Americans are also subsidizing their low drug prices.

The voodoo trickle down greed is good policies that Reagan brought to the US have led to a wealth inequality that is criminal. Time to vote out adherents to that twisted religion one by one. inequality

Such tax didn't work well in France, did it ? German irrational side in full display. Instead of boosting internal consumption and investment, especially in its infrastructure, they dragg whole Europe to recession.

Interesting SenSanders ewarren KamalaHarris BetoORourke CoryBooker PeteButtigieg JulianCastro

Terrible idea.

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