Philipp Türmer is calling for a fundamental overhaul of Germany’s economic model. Rather than continuing to rely on export dominance, domestic demand must be strengthened – primarily through higher wages. That would require a tax system that no longer places a heavy burden on labour while barely taxing wealth, capital and investment income. Türmer says this would not only be fairer, but also make economic sense. Stronger demand strengthens the economy as a whole. -fw
Katrin Rulle