WELT TV: SPD wants to tax income from capital and rent more heavily

In an interview for WELT TV, Dr Norbert Kuhn, Head of Deutsches Aktieninstitut's Think Tank, assesses the SPD's plans to tax capital gains more heavily. This would make investing in equity funds, ETFs and shares even more expensive, which could discourage people from making private pension provisions.

The report was broadcast on 9 February 2026.