Germany is one of the world’s richest countries, but inequality is on the rise. The wealthy are pulling ahead, while the poor are falling behind. For the middle classes, work is no longer a means of advancement. Instead, they are struggling to maintain their position and status. Young people today h...
Why is it so difficult to tax the rich? Evidence from German policy makers
Why are rich citizens not taxed more heavily – despite growing inequality (aversion)? The literature offers several explanations, all of which ultimately work through the minds and actions of politicians. Taking Germany as...
Millionaires under the Microscope: Data Gap on Top Wealth Holders Closed: Wealth Concentration Higher than Presumed.
Millionaires have so far been underrepresented in population surveys, so little is known about them and the precise concentration of wealth in Germany.
Link: DIW Weekly Report.