Tag Archives: tax laws

Requirement of economists: Wealthy should pay more for euro bailout

image-483837-galleryV9-gvux.jpg

An ECB study foments the dispute over the distribution of wealth in Europe. Leading economists now call SPIEGEL: Rich should be more involved in saving the euro. Doing so could save the average German citizen Greek super rich from higher taxes in the end.

Leading economists are convinced that the euro-crisis countries must make a greater contribution to the renovation of its public finances. Especially wealthy should be asked to pay more, said the economy Peter Bofinger SPIEGEL. The economist advised the governments of southern Europe to a capital levy. "The rich must be within ten years, for example, a portion of its assets leave. "

Bofinger is convinced that a capital levy is significantly better than the participation of savers – as happened recently in the rescue of Cyprus: "Resourceful kingdoms of southern Europe but make their money to the banks in Northern Europe and beyond so that the access."

Background of the claim is the wealth report of the European Central Bank (ECB), which was published last week. Thus, the households in the euro-crisis countries on average have considerably more power than the Germans.

The results of the study confirm the opinion of economic experts Lars field the course of the federal government: "It shows that Germany, with its harsh conditions for euro-bailout money is right." Finally, the over-indebted countries receive billions from the bailout fund only relevant consideration. "If there is no longer the tax laws only on paper, even Greece can dispel doubts on the sustainability of its debt," said Field.

Guntram Wolff of the Brussels economists enter the data not only an answer to the question of who should pay the crisis in Southern Europe account: "It is clear once again how unfair the assets are distributed in Germany." Therefore, the German crisis costs should be borne by the wealthy. "The euro rescue would be completely reduced to absurdity, if preserved the Greek super-rich from higher taxes at the end of the comparatively low average German household."