German Of The Day: Netto vom Brutto

That means net pay from the gross. And gross is it ever. Only Belgium (think Land of the EU) does it better. Meaning worse, of course.

Netto

According to a report just published by the Organization for Economic Cooperation and Development (OECD), Germany has the second biggest tax burden worldwide. And we’re talking about middle-income people here, people. Not millionaires or anything.

The OECD calculated each country’s tax wedge – the gap between what employers take home in pay and what it costs to employ them, including personal income tax and social security contributions. Germany had a tax wedge for single, childless workers of 49.4 percent, behind Belgium at 54 percent. That means nearly half of a single person’s income goes towards taxes and social security contributions in Germany.

Please remember this the next time somebody starts telling you again how wonderful everything over here in ze Europe is (“socialized medicine” and all that). There simply is no free Mittagessen (lunch).  You can go broke eating free lunch over here.

„Die Belastung der Bürger ist deutlich höher, als uns bewusst war.”

Remember: Germans have more words for taxation than Eskimos have for snow.

Poor But Sexy, But Poor

Those were the days. Berlin used to be just (arm aber sexy) poor but sexy.

Poor

Now Berlin is poor but sexy, but poor. At least when it comes to trying to earn a living here.

The German capital pulls down the per capita income for the entire country. According to Eurostat (the European statistics office), Germany’s gross national product (with an emphasis on gross) would climb 0.2 percent if they could just find a way to factor out losers like us here in Berlin.

Poor? Yo capital is so poor it can’t afford to pay attention.

Die Hauptstadt drückt auf das Pro-Kopf-Einkommen der gesamten Bundesrepublik: Das Bruttoinlandsprodukt je Einwohner würde um 0,2 Prozent steigen, wenn man Berlin und seine Einwohner ausklammert, wie das Institut der deutschen Wirtschaft (IW) auf Basis von Daten des Europäischen Statistikamtes Eurostat errechnete.

Bayern Munich Wins DFB Cup For The 2,397th Time

What a surprise or something. And right here in Berlin, too. And that after another fascinating goalless finish in normal time. I got lucky, though. I only injured my forehead twice (slightly) nodding off during the match.

Hummels

Bayern management has already announced plans to celebrate the occasion by buying the next best Borussia Dortmund superstar money can buy. If there are still any left that they haven’t bought already, I mean. You know, the rich get richer and all that?

Während Bayerns Thomas Müller im Pokalfinale einfach “die Eier in die Hand” nimmt, versagen Borussia Dortmund im Elfmeterschießen die Nerven. Das nächste Titeltrauma veranlasst BVB-Coach Tuchel zu einem Feuerwerk der Selbstkritik – inklusive einer verbalen Abschieds-Ohrfeige für Mats Hummels.

Little Oskar Thinking Out Of The Box Again

Well known for his refreshing viewpoints, Mr. ex-SPD, ex-Left, ex-Bolshevist, ex-you-name-it Oskar Lafontaine himself has come up with a brilliant new idea to save Greece from its upcoming euro Grexit exit: Get rid of the euro first.

Oskar

Being the true radical thinker that he is, he seems to have devised a radical new European economic system by which goods or services are directly exchanged for other goods or services without having to use a medium of exchange like dirty, filthy, old (or in his case new) money. And the way things look right now, Greece will be the first country to get the chance to test this out in a big way.

“Der Euro ist ein Rückschritt im historischen Projekt der europäischen Integration. Der Euro ist schon gescheitert, wir dürfen uns da keinen Illusionen hingeben.”

Ultra-Safe German Government Debt?

It’s good to be the king. Isn’t it?

King

More than half of all German government debt with more than one year maturity is now trading negative.

Investors have been warned of dangers of holding German government debt, as unprecedented central bank easing sends the country’s 10-year borrowing costs towards zero.

“If you look at bunds in anything other than the shortest possible timescale, the risk becomes very clear.”

Why Germans Always Pay Cash?

Like, duh. Because they’re the ones who have it all.

Cash

But the real point isn’t that Germans love cash. It’s that—for the same historical reasons—they loathe debt. (Armchair anthropologists have also long noted that German word for debt—Schulden—comes from the word for guilt, Schuld.)…

In other words, the German tendency to settle up in cash undeniably reflects the fact that for much of the last century, Germany has been either on the brink of, in the midst of, or struggling to recover from, disaster. And traumas like that are bound to leave, if you’ll excuse the pun, a mark.

Why Are Filthy Super-Rich Germans So Low-Key About Their High Finance?

Well, for one thing, they know better than anyone that they live in the notorious German Neidgesellschaft.

ALDI

And for another thing… The figures show that private wealth in Germany is more unevenly distributed than in any other country in the eurozone. While the richest 1% have personal wealth of just short of one million euros on average, a quarter of adult Germans have no wealth or even owe money.

ALDI schönen Sachen!

Bio Business Big Bad Business

Everybody buys Bio (organic) here. You know, like with real, non-organic money? It’s not just for the bio bourgeoisie anymore.

Bio

So don’t watch that there “Bio-Illusion” documentary on Arte if you can help it, folks. Not even if you can go back in time to yesterday to see it when it was on, I mean. Which you can’t, I bet.

Those who believe that organic farming is the work of some sinister food mafia will only be reinforced after watching the documentary “Bio-Illusion.” The others will be angry, with good reason.

Wo Bio draufsteht, muss noch längst nicht Bio drin sein.

PS: Speaking of the organic illusion, here’s another one for you here made in the US of A.

Eat More Rich People!

Germans should be ashamed of themselves. Again, I mean. The amount of personal wealth just keeps on rising here – another 79 billion this past quarter – and has reached yet another historic level. The Germans, it seems, have never been richer. And this, as we all know, is a bad thing.

Rich

Haven’t you people ever heard of Umverteilung (redistribution) over here? What do you need all that damned money for? It’s not like it’s yours or anything. Well it is but it isn’t, if you know what I’m sayin’. And who says it doesn’t stink? It stinks that you still have it. What you folks need is leadership like we have now been graced with in New York City itself. You’ve already got all the tax loopholes you’ll be needing so roll up your sleeves and let’s get this party started!

Im vierten Quartal 2013 wuchs das Vermögen der privaten Haushalte in Form von Bargeld, Wertpapieren, Bankeinlagen oder Ansprüchen gegenüber Versicherungen im Vergleich zum Vorquartal um rund 79 Milliarden Euro oder 1,6 Prozent auf den historischen Höchstwert von 5,15 Billionen Euro, teilte die Deutsche Bundesbank mit.

Germans Don’t Trust German Politicians

But German politicians do.

Bundestag

That’s why they just gave themselves a big raise. They’ll now be receiving 830 euros a month more and take in over 9000 (not counting all the other benefits, of course). And this particular Bundestag vote was 464 yes, 115 no and 10 abstentions.

Firemen, paramedics and nurses are held in high regard in Germany and 22 other countries, a current study says. People trust them the most. Only 15 percent of Germans trust politicians, however.

Feuerwehrleute, Sanitäter und Krankenpfleger sind in Deutschland und weiteren 22 Ländern hoch angesehen. Ihnen vertrauen die Menschen einer aktuellen Studie zufolge am meisten. Nur 15 Prozent der Deutschen vertrauen den Politikern.