Rheinland-Pfalz’s Minister-President Alexander Schweitzer has called for a renewed discussion regarding taxation of high-net-worth individuals in Germany. In an interview, Schweitzer argued that those with substantial wealth – deriving income from assets, stocks and inheritances – are currently taxed at a disproportionately lower rate compared to wage earners. He believes a greater contribution from this segment of the population should be a point of broad political agreement, encompassing parties across the spectrum.
Schweitzer referenced historical tax rates, pointing out that Germany, under a conservative government in the 1980s and 90s, maintained a top income tax rate of 56% and also possessed a wealth tax – measures which he suggests did not negatively impact the national economy. He currently advocates for a system where those with significant financial security contribute more to public finances, framing it as a matter of strengthening democratic principles.
The Minister-President welcomed the coalition government’s existing plans to reduce taxes for low and middle-income earners, acknowledging public anticipation for such relief. He suggested that a more equitable tax system – incorporating increased contributions from the wealthiest citizens – could complement this existing initiative and foster broader economic stability. He specifically called on the CDU/CSU to adopt a position more aligned with the policies of former Chancellor Helmut Kohl, implying a return to higher taxation for top earners.