Previous post Next post

Young Socialists demand inheritance tax on ‘super rich’

The wealthiest in society “must pay for the fight against the climate crisis”, said the group on Thursday as they handed in over 140,000 signatures for a people’s initiative.

Launched in August 2022, the “for the future” initiative calls for a 50% tax on inheritances over an exempt amount of CHF50 million ($57.3 million) to help finance the ecological transformation of the Swiss economy.

+ People’s initiatives and referendums: how Swiss direct democracy works

The Young Socialists – the youth wing of the country’s left-wing Social Democratic Party – says the strategy is the “socially equitable financing of climate protection”, and argues that the richest people are largely responsible for the climate crisis.

According to its calculations, the tax would bring in around CHF6 billion a year, which would be used by federal and cantonal authorities to renovate buildings, develop renewable energies or boost public transport, for example.

In addition to party members and supporters, Social Democrat parliamentarian Christian Dandrès – also president of the Union for Public Service Workers – and a climate activist were present at the signature deposition at the Federal Chancellery in Bern.

Translated from French by DeepL/dos

Full story here Are you the author?
About Swissinfo
SWI – the international service of the Swiss Broadcasting Corporation (SBC). Since 1999, has fulfilled the federal government’s mandate to distribute information about Switzerland internationally, supplementing the online offerings of the radio and television stations of the SBC. Today, the international service is directed above all at an international audience interested in Switzerland, as well as at Swiss citizens living abroad.
Previous post See more for 3.) Swissinfo Business and Economy Next post
Tags: ,,

Permanent link to this article:

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

This site uses Akismet to reduce spam. Learn how your comment data is processed.