Should a wealth tax be introduced?

Poll results

Should a wealth tax be introduced?
Support
Reject
Don't know
54%
41%
5%
PolitPro Community – 3743 respondents – 18.11.2023-24.11.2023

Poll information

Should a wealth tax be introduced? 54% of respondents were in favor of introducing a wealth tax, while 41% were against.

5% chose the answer "Don't know". The survey was conducted among 3743 users of the PolitPro app during 18.11.2023-24.11.2023. The results are not representative, but may give a rough idea of the political mood around the issue.

Pros - What's in favor?

  1. Redistribution: A wealth tax enables a fairer distribution of wealth in society. It ensures that wealthy individuals make an appropriate contribution to reduce social inequalities. Tax revenues can be used for education, health care and social programs that benefit all citizens.
  2. Tax Equity: A wealth tax provides greater tax equity by making wealthy citizens pay more, thus distributing the burden more fairly across society. It can narrow the gap between rich and poor and make the tax system more progressive.
  3. Government revenue: The introduction of a wealth tax can provide the state with additional revenue that can be used for important investments and public services. This can help reduce budget deficits and secure funding for infrastructure projects, education and other government functions.

Cons - What's against it?

  1. Investment disincentive: a wealth tax could discourage wealthy individuals and companies from investing in economic activities. This could have a negative impact on economic growth and job creation. There is concern that such a tax could hinder economic development.
  2. Tax evasion: The introduction of a wealth tax could lead to wealthy individuals moving their assets offshore to avoid taxation. This could lead to a significant loss of tax revenue and counteract the goal of redistributing wealth.
  3. Bureaucratic complexity: A wealth tax requires a complex valuation procedure and asset monitoring. This may lead to an increased administrative burden and additional costs for the government. The implementation of such a tax could be difficult and possibly lead to litigation.