The Chairperson of the Communist Party of Luxembourg spoke about how an increasing part of newly-created wealth is used for speculative investments and how not enough money is going back to the real economy.
According to Ruckert, the line between rich and poor is therefore growing ever bigger in Luxembourg. Nevertheless, the KPL simultaneously sees the currently unfolding crisis as an opportunity for people to realise that changes are necessary.
In his speech, Ruckert demanded an “increase of the minimum wage,... an automatic adjustment of the tax tables to inflation, the construction of 5,000 affordable homes per year by the state and municipalities over 10 years to overcome the housing shortage, a legal anchoring of the 35-hour week without loss of wages, the introduction of a tax on the rich and a wealth tax for the super-rich, and higher taxation of large companies, banks and finance companies.”
