INEQUALITY

More Wealth For All - But How? Launch of a New Wealth Simulator

What does really help to reduce inequality? On 10 November, we will launch our interactive wealth simulator and brandnew website - live in Berlin.

BY

FORUM NEW ECONOMY

PUBLISHED

24. OCTOBER 2023

READING TIME

2 MIN

When it comes to questions of richness and poverty, emotions are always involved – as are heated arguments about what really helps to reduce inequality. But until now, it has been largely unknown what certain policies would really change about the distribution of wealth.

Would the share of the richest be noticeably smaller in ten years’ time if a 2 per cent wealth tax were introduced? Or would there be more change if every 20-year-old was given a state start-up capital of 30,000 euros? In the future, anyone will be able to calculate the effects of these and other measures with the interactive wealth simulator we have developed to test the most important measures – and which we will launch at our XIII New Paradigm Workshop on 10 November in Berlin.

Among those attending the launch will be leading inequality researcher Branko Milanovic and Elga Bartsch, Chief Economist at the German Federal Ministry of Economics and Climate Protection.

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ABOUT INEQUALITY

KNOWLEDGE BASE

The rising gap between rich and poor has become a threat to social cohesion in most rich countries. To reverse this trend it will be crucial to better understand the importance of different drivers of income and wealth inequality.

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