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"The Wealth Tax Reduces Income Inequality": Seven Questions to Stefan Bach

Interview of January 28, 2016

Dr. Bach, what is the real net worth of German households and how is this wealth distributed?

German households have a real net worth of 8.6 trillion euros. This massive wealth is very highly concentrated and is equivalent to around two and a half times the country’s GDP. We estimate that the richest one percent of the population own 32 percent of total assets and the wealthiest 0.1 percent even own as much as 16 percent. [...]

The full interview with Stefan Bach is published in DIW Economic Bulletin 4+5/2016. It is available for download as pdf document.

More issues of DIW Economic Bulletin

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