#40 Unequal distribution of wealth and taxation of the super-rich

In our globalized world, social and economic inequalities are becoming increasingly visible. One of the most pressing issues of our time is the unequal distribution of wealth. A considerable portion of the world's wealth is in the hands of a very small group of individuals, while most of the population must make do with considerably fewer resources. This development has far-reaching consequences for society, the economy and the future of our planet.

Wealth distribution: the gap is widening

The figures speak for themselves: according to recent studies, the richest 1% of the world's population owns more wealth than the remaining 99% combined. This gap continues to grow, leading to a concentration of power and influence in the hands of a few, which in turn jeopardizes democracy and undermines trust in the social system.

While the super-rich benefit from tax avoidance opportunities and often pay low tax rates, the middle class is heavily burdened. Income tax, social security contributions and consumption taxes weigh particularly heavily on those who invest their entire working lives in maintaining and building a stable society. The result is increasing dissatisfaction and a feeling that the system is not fair.

Worldwide taxation of the super-rich: an inadequate system?

In most countries, tax systems are designed so that the middle class bears the brunt of the tax burden. At the same time, the super-rich often manage to shield a large portion of their wealth from taxation through legal loopholes and aggressive tax planning. Some countries have begun to introduce wealth taxes or special levies on particularly high incomes, but these measures are often limited and undermined by targeted tax avoidance.

One global model that is repeatedly discussed is the introduction of a very high tax on extremely large fortunes, possibly even 100% from a certain amount. The question is what amount is considered appropriate to classify someone as super-rich. One possible threshold could be assets of $1 billion or more. Wealth more than this threshold could be subject to full taxation. It is important to offer two possible uses for these funds:

1.?Transfer to the state: The revenue could be used to finance public spending on education, health and infrastructure, for example, which would benefit society.

2.?Public interest investments: Alternatively, the super-rich could be obliged to invest this amount in charitable projects that address education, poverty alleviation, climate protection and other societal challenges. This would use the influence of the rich in a positive and sustainable way to improve the global situation.

A new approach for a fairer future

My “Super-Strategy 2100: The Master Plan for the Future of Humanity” from the 37th newsletter calls for bold steps to create a sustainable and just future. Fairer taxation of the super-rich could be a first step towards reducing the gap between rich and poor and strengthening social cohesion. A 100% tax on extremely high wealth could not only free up funds for important projects, but also strengthen the sense of responsibility of those who, by virtue of their privileges, are able to drive real change.

A fair distribution of wealth and effective taxation of the super-rich could be the basis for a fairer and more stable future. Let us discuss this and work together to find ways to distribute prosperity more fairly and secure the future of our society.

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