GERMANY may impose a wealth tax to plug its gaping budget deficit. New tax measures proposed by two federal states, and which may be extended across Germany, would affect families with assets valued at €1 million (£640,000). Companies would be taxed on holdings worth more than €2.5 million. The proposals have been put forward by North Rhine-Westphalia, the country’s most industrialised state, and Lower Saxony, home of Gerhard Schröder, the Chancellor. The states say that the money will be used to improve failing schools and to hire teachers. The prospect of more taxes drew protests from ordinary Germans, hit by...