The Left's Bold Plan to Halve Billionaire Wealth in Germany
The Left party in Germany has unveiled an ambitious proposal to halve the wealth of billionaires within a decade. Spearheaded by Jan van Aken, the party's leader, this initiative is encapsulated in a comprehensive Five-Point Plan. The proposal calls for the reintroduction of a wealth tax with a progressive structure, starting from 1% for assets over 1 million euros, escalating to 12% for those exceeding 1 billion euros. A one-time wealth levy is also suggested, ranging from 10% to 30%, targeting..
