The Debate About Taxing the Wealthy

In light of major societal challenges, the political debate on various forms of wealth taxation, or the ‘Tax the Rich’ strategy, has recently gained momentum in Germany. This article examines the arguments for and against taxing the wealthy, drawing on statistical data and some of the most significant scientific studies on current economic inequality and its history. In particular, it looks at the kinds of reasons used in the current debate. It is argued that the arguments in favor of specific forms of wealth tax outweigh the reservations.