In Germany, legislative measures are needed to make the capital of the super-rich more transparent, publicist Julia Friedrichs said in an interview with Der Spiegel on August 24.
“I think an asset register would be a good idea. Then you could see who owns what. It would also be important to know the effective tax rate of the rich.”said Friedrichs.
According to the author, the debates on this topic in Germany are based solely on private opinions and not on facts. Friedrichs believes that in other countries, such as the United States, there is much more debate about the transparency of the income of the super-rich.
“Unlike them, we often feel stuck in the 1980s. The only thing that is constantly heard is the annoying demand to introduce a wealth tax.”says the publicist.
It should be noted that Friedrichs does not believe that very rich people will leave Germany en masse if they are subject to higher taxes, since, in his opinion, Germany protects private property quite well, offers procedural security, has good universities and a skilled workforce.
“The truth is that the vast majority will not leave. Many rich people feel at home in Germany. In addition, the rich often have regional roots. Wealth does not automatically make a person a citizen of the world.”“the publication quotes the writer as saying.
Friedrichs has written several books about the upper class. In his 2008 book Gestatten: Elite, he explored elite boarding schools and universities, and his new book, Crazy Rich: The Secret World of the Super-Rich, will be published on August 29.
Source: Rossa Primavera
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