Die Wiederherstellung der Vermögensteuer gehört zum Standardrepertoire linker Parteien. Damit soll eine vermeintliche Gerechtigkeitslücke geschlossen werden. Die Vermögensteuer ist jedoch weder ein gerechtes, noch ein effizientes Instrument der Steuer- und Verteilungspolitik.

Many studies have shown that wealth inequality is even greater than income inequality and has increased in recent decades. This issue of Policy in Focus is dedicated to wealth taxes, presenting various perspectives on whether they can be an effective instrument for distributive and fiscal...

What are the consequences of the preference for wealth for the accumulation of capital and for the dynamics of wealth inequality? Assuming that wealth per se is a luxury good, inequality tends to rise whenever the interest rate is larger than the economic growth rate. This induces the economy to...