Tag Archives: Redistribution

Zero-Sum Red Alert: Number Of German Millionaires Rising!

July 10, 2020 By in Habitudes, Hard Facts, Heconomy, Helplessness, Hideology, Home Cooking, Hostility, Hurt Feelings, Hypocrisy, Hysteria Tags: , , , , , , , , , , Leave a comment

Germany is not only 1) a society based on envy, 2) Germans think that anyone else’s gain is automatically someone else’s loss and 3) they expect the wealthy to be punished for being wealthy. If they failed to be punished, then that would only encourage others to become wealthy too.

Money

World Wealth Report: Germany’s dollar millionaires on the rise – The number of Germany’s dollar millionaires rose by 100,000 in 2019, according to the World Wealth Report. The US had the biggest upturn, although the coronavirus crisis could change the upward trend.

PS: A new groundbreaking study published in the American Psychological Association Journal Emotion has just discovered that, on average, the more income someone makes, the happier they are.

What’s An Increase Of 42% Among Friends?

June 15, 2020 By in Hard Facts, Heconomy, Helplessness, Hideology, Home Cooking, Hurt Feelings Tags: , , , , , , , , , , Leave a comment

Somebody just slammed Germany in the face with a brick. I mean a Brexit.

EU

Germany to contribute 42% more to EU budget: report – The European Commission would like to see €13 billion more per year from Europe’s largest economy. EU leaders, including Angela Merkel, are meeting Friday to discuss the bloc’s future budget.

Germany currently contributes an average of €31 billion a year to the EU budget. The proposal for the new budget would raise that contribution to €44 billion — an increase of 42%.

The EU Needs More Money From Germany

December 20, 2019 By in Habitudes, Hard Facts, Heconomy, Helplessness, Hideology, Home Cooking, Hurt Feelings Tags: , , , , , , , , , , , , Leave a comment

That’s a shocker. Gee. I wonder why?

EU

It’s not like the arrogance and hubris of EU technocrats let the second biggest contributor to their budget walk away from their, well, generous redistribution system or anything. No, not at all. It’s… What is it, anyway? Is this still the Europe you want, Germany?

The U.K. was a strong proponent of free-trade, EU enlargement and pragmatic cooperation to tackle security threats. It opposed a “fortress Europe” approach, pushing for a competitive and open economy.

Britain also became in recent years the EU’s second-biggest net funder. EU officials say the U.K.’s departure will leave an estimated €84 billion ($93 billion) hole in the bloc’s next seven-year budget.

Agreeing on the size and makeup of that €1 trillion-plus budget will be the first major post-Brexit fight. Efforts to cut the amount of money spent on the EU’s newer members in Central and Eastern Europe risk further embittering the bloc’s east-west relations, already scarred by fights over migration and democratic norms.

The Rents Won’t Be the Only Things That Will Freeze

December 10, 2019 By in Habitudes, Hard Facts, Heconomy, Helections, Helplessness, Hideology, Home Cooking, Hurt Feelings, Hypocrisy, Hysteria Tags: , , , , , , , , , , , , , , , , Leave a comment

Building will come to a complete standstill in Berlin too.

Berlin

But Berlin’s red-redder-green politicians (SPD, the Left Party, the Greens) don’t know anything about building (look at the state the city of Berlin is in). They can only tear things down. Oh, yes. And redistribute. They will redistribute for as long as it takes to get anybody who’s got anything to get out of town.

Berlin Builders Hit the Streets in Backlash Over Rent Freeze – The German capital’s government is trying to ease the burden on tenants after a property boom caused rents to double over the past decade. However, critics of the plan — including economists and large landlords — have said the only way to address growing demand for housing is to build more homes.

The rent-freeze legislation will start its passage through Berlin’s parliament this week and is expected to come into force in the first quarter of next year…

The city’s plans “threaten to cause considerable damage to both the housing market and Berlin as a whole,” IW institute economists wrote in a recent report for the Christian Democratic Union party, which is in opposition in Berlin and opposes the measures. Scrapping the plan is “urgently needed from an economic perspective to prevent wider damage to the Berlin economy,” they added.

German Of The Day: Länderfinanzausgleich

March 22, 2018 By in Habitudes, Hard Facts, Heconomy, Helplessness, Hideology, Home Cooking, Hurt Feelings Tags: , , , , , , , , , , , , 1 Comment

That’s a beauty, isn’t it? And it means “German Länder fiscal equalization scam.” I mean scheme.

Länderfinanzausgleich

And THAT means.. Well, think Robin Hood. The rich and therefore “bad” German states (the ones on the left in the image) must be punished for this and therefore the Robin Hoodlums in the Bundestag take some of their money and give it to the poor and therefore “good” German states (on the right side of the image). Berlin, on top, is actually on bottom, so-to-speak, being the poorest of the poor. The Robin Hoods and the Bundestag are located in Berlin, by the way. But that’s just a coincidence, of course.

The theory being, I’m assuming here, is that this kind of completely unjust robbery and redistribution will encourage the poor “good” German states to finally get their acts together already so the rich “bad” German states don’t have to pay their bills anymore. That’s just a theory, like I said, of mine. I must say, though, this redistribution initiative has certainly had a positive effect here in Berlin these past thirty, forty, fifty years. Once you ignore the fact that not a thing has changed.

Berlin Schlusslicht, Bayern Zahlmeister.

More Redistribution Needed

January 29, 2018 By in Habitudes, Hard Facts, Heconomy, Helplessness, Hideology, Higher Education, Home Cooking, Hurt Feelings, Hypocrisy Tags: , , , , , , , Leave a comment

Or that’s what this article seems to suggest.

Redistribution

And this in a country that has already been redistributing the wealth for decades and decades or longer.

When it comes to the superrich, however, there are relatively reliable estimates in the form of lists of the world’s wealthiest people, with the one compiled by the US business magazine Forbes leading the way. A similar list is compiled in Germany by manager magazin. A team of tax experts led by Stefan Bach of the German Institute for Economic Research (DIW) has examined the wealth statistics compiled by the ECB and augmented them with lists identifying the ultrarich. And the team did so for three countries: Germany, France and Spain.

The result: The 45 richest households in Germany own as much wealth as the bottom half of the population. Each group possessed a total of 214 billion euros in assets in 2014.

Bad superrich! Bad!

Why would more redistribution be necessary in a country like Germany? Maybe because it doesn’t work. It can’t work, in fact. It is not, nor has it ever been, a zero sum game, this wealth business. Here or anywhere else. But it’s a great way for redistributing politicians to get elected. Again and again and again. To no avail.

“Most economic fallacies derive from the neglect of this simple insight, from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another.”

Take From The Rich

April 18, 2017 By in Habitudes, Hard Facts, Heconomy, Helplessness, Home Cooking, Hurt Feelings Tags: , , , , , , , , , , Leave a comment

And give it to the SPD, Left party, Greens, etc. They’ll give it to the poor later, right?

Earn

This is getting increasing more difficult to do in Germany, however, as a recent study reveals that the top ten percent of the working population (those who earn the most) already pay half of all income tax the country takes in.

And as recently reported, an average earner here already has to give up nearly half of what he earns. Sheesh. Crime just doesn’t pay anymore. If you’re a dyed-in-the-wool Robin Hoodlum kind of criminal, I mean.

Die Studie zeigt auch, wie stark Gering- und Durchschnittsverdiener durch Steuern und Sozialabgaben belastet werden. So zahle zum Beispiel ein Single mit einem Bruttogehalt von 1.940 Euro im Monat 46 Prozent Steuern und Abgaben. Ein alleinstehender Durchschnittsverdiener mit 3.250 Euro monatlich müsse 51 Prozent abführen, also mehr als jeden zweiten Euro.