West Germany’s postwar Burden Equalization wealth tax led to larger reduction in top 1 % wealths share than war damage.

West Germany’s postwar Burden Equalization wealth tax led to larger reduction in top 1 % wealths share than war damage. But it was also structured so as to be payable out of income and thus left structure of privilege intact. Chartbook #117
adamtooze.substack.com/p/chartbook-11… https://t.co/Aqv9zMwAaB

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