Wealth Taxation and Sustainable Development | LABOR.A® 2024

The Global Sustainable Development Report 2023 points to a serious global backlog in achieving the 2030 goals. In this global context, we ask ourselves: What role could wealth and wealth-related taxes play in implementing the SDGs? Recently, these taxes are increasingly seen as the most appropriate policy instrument to reduce inequality in wealth and consumption distribution and to finance the green transition due to their high revenue potential. Like French economist Thomas Piketty, many people argue that wealth taxes, if designed with a smart strategy, can offer us more than we think. Could wealth taxes finance social inclusion and reduce inequality or/and promote economic development and contribute to environmental protection? The present research attempts to answer these questions in a systematic approach and sheds light on the less studied question of the impact of wealth taxes on economic, social and environmental objectives.

Speaker: Levent Eraydin (Hochschule Darmstadt)

Partner: Hochschule Darmstadt