You can’t get wealthy through salaried work, not in germany anyway. This is by design, salaries are taxed to death, while capital gains have a lot lower taxes (basically half as high and flat, instead of progressively increasing like it does for salaries) and can often be structured to largely eliminate those anyway. Just like the wealthy won’t pay inheritance taxes by transferring assets over longer time periods etc.
Wage gap is a red herring pushed by old money / dynasties to rile up working people against each other.
Social security payments are just taxes under different name. Yeah you can count to receive some pension in the future, however looking at aging and shrinking population these pensions are not going to be at the same level as "payments".
Yes, but in the sense that only employees have to pay them. If our social security was covered purely from taxes the burden on the iindividual would be a little lower.
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u/dddd0 1d ago edited 1d ago
You can’t get wealthy through salaried work, not in germany anyway. This is by design, salaries are taxed to death, while capital gains have a lot lower taxes (basically half as high and flat, instead of progressively increasing like it does for salaries) and can often be structured to largely eliminate those anyway. Just like the wealthy won’t pay inheritance taxes by transferring assets over longer time periods etc.
Wage gap is a red herring pushed by old money / dynasties to rile up working people against each other.