German economists: make the rich buy bonds

thelocal.de ^ | 7-12-12 | unattributed

[dynachrome]

The German Institute for Economic Research (DIW) suggested that those with a substantial private fortune be forced to hand over 10 percent of what they have over €250,000.

This would hit the richest eight percent of the population and would not lead to the feared reduction of consumer demand, it said.

The tactic could be adopted to raise money in crisis-hit countries across Europe, the DIW said in a statement.

[freedumb2003]

“Das sounden stampeden? Das iss der zound das Capital stampeden ouf dem Duetchland.”

[Publius]

Lachend aus laut!