Abstract

Abstract There has been a shift in the public debate in Germany: following years of structural reform, aspects of redistribution of wealth and equality of income have become more important. However, this focus on social justice ignores the facts about the development of incomes in Germany. It also underestimates the negative effects of redistribution on incentives for economic activity. Instead of engaging in debates about redistribution of wealth, we should be reducing the pressures, particularly on the middle classes and on top performers. A policy for growth is essential. German economic policy should not be deflected from its course.

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