For the transfer of all assets over 5 million to third persons of choice and for limiting interest on capital gains to 5%.
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Theses on the current problems
1. As a result of the Corona pandemic, the rich have become even richer and the poor even poorer.
2. The effects and consequences of the pandemic have mainly affected the poor.
3. The extremely large fortunes continue to increase -
Ideas for possible solutions
Wealth redistribution: Over time, many proposals have been made to redistribute wealth from the top down -
Maximum interest rates: Adam Smith already suggested that the state should set a maximum interest rate for loans by law (cf. Sen 2003:154): "In countries which do not prohibit interest, the law generally fixes the maximum interest rate which is still permissible without penalty, in order to prevent extortion by usury. ...This legal rate, however, should not be too much above the usual market rate. If it were 8 or 10 percent in England, for example, the loan money would flow largely to spendthrifts and schemers, since only they would be willing to pay this high interest. Thus, sound merchants, who will not pay more for the loan than a part of what they are likely to earn with its help, would not be able to compete. Considerable capital of a country would thus be withdrawn from those who are most likely to use it with profit and advantage, and made available to those who are almost certain to waste or destroy it" (Smith 2005, quoted in Sen 2003:154). Many countries -
Capital transaction tax: A short holding period of securities and other financial instruments does not serve to finance the real economy. Time advantages, knowledge advantages not available to the general public are used by a few insiders. Accelerated capital shifts repeatedly trigger price jumps, misalignments, market distortions. The capital market cannot fulfill its regulatory role in this way.
2019: Höchstzinssatz für Konsumkredite bleibt unverändert. 22.11.2019. Bern EJPD: Link.
2003: Ökonomie für den Menschen. Wege zu Gerechtigkeit und Solidarität in der Marktwirtschaft. München: Deutscher Taschenbuch Verlag.
2005: Der Wohlstand der Nationen: Eine Untersuchung seiner Natur und seiner Ursachen. München: Deutscher Taschenbuch Verlag.