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    Die Kapitalertragsreform richtete sich tatsächlich an die Reichsten

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    6 Comments

    1. DontBeCommenting on

      And I haven’t seen that exodus of the rich to the USA. All in all, lots of noise for what might be a promising policy.

    2. Kymaras on

      I mean the rich, people and corporations alike, have been doing exceptionally (and I do use that word literally) well in the last 5 years or so.

      Let them pay their fair share.

    3. jonlmbs on

      Has this law even passed? The liberals played politics and separated it from the budget vote in the spring. Then they got filibustered and as far as I know it’s not even law yet.

      Either way mission accomplished because people sold assets before the June deadline and they raised additional revenues.

    4. Snurgisdr on

      I guessed that just from the astroturfed responses. The best one started out something like “suppose you sold a property and had a modest gain of $2M…”

    5. Quetzalboatl on

      My guess is that this tax will hit people who have been investing in real estate for over 5 years.

      I’m thinking especially of people like Farhi who has purchased a lot of downtown London. His buildings sit unoccupied while the value grows.

    6. CorneredSponge on

      Yes, it is obviously going to target the rich, but we should assess taxes not just on how progressive they are, but on their distortions, ability to collect revenues, etc.

      This tax will collect far less than it is expected to given the high elasticity of investor spend in response to capital gains, will create inefficient capital markets given the lock in effect, will promote consumption over saving, etc. ultimately driving lower long-term productivity and growth.

      There are far more efficient ways to tax the wealthy, whether we look at progressive consumption taxation or graduated land taxes and so on.

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