Inflation Is Taxation Without Legislation

Or: “By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.”

German inflation hits fresh 13-year high in August – Germany’s annual consumer price inflation accelerated to a fresh 13-year high in August, data showed on Monday, underlining growing price pressures as Europe’s largest economy recovers from the pandemic and companies struggle with supply shortages.

Consumer prices, harmonised to make them comparable with inflation data from other European Union countries (HICP), rose 3.4% compared with 3.1% in July, preliminary figures from the Federal Statistics Office showed.

No More Free Testing?

You mean no more of the free testing taxpayers were already paying “through the nose” for?

Now, instead of having to pay for it, they have to pay for it. What a rotten deal.

Germany to Stop Free COVID-19 Tests – Germany wants to end free coronavirus tests in October, the RND group of newspapers reported on Monday, citing a draft proposal to be discussed by Chancellor Angela Merkel and leaders of the country’s 16 states.

The government made the tests free for all in March to make a gradual return to normal life possible after a lockdown to break a third wave of COVID-19.

“We Don’t Have The Money For It”

But you do, German taxpayer. So we’ll take it from you.

As you may have noticed, Angela Merkel’s CDU became the SPD (Social Democrats) long ago and Armin Laschet, her designated mini-me survivor, is holding that red flag high. As you also may have noticed, the only thing socialists do well (or Social Democrats – or Democrats, for that matter) is spend other people’s money.

Armin Laschet, Germany’s leading candidate to replace Chancellor Angela Merkel, has created a rift between German conservative parties over his comments that now is not the time for tax relief.

Laschet, representing Merkel’s Christian Democratic Union (CDU), on Sunday categorically rejected a proposal for new tax cuts as Germans emerge from the pandemic. “The core message is no tax cuts right now — we don’t have the money for it,” he said in a televised interview.

Mass Corona-Testing Fraud

Everybody’s doing it!

Highly inaacurate for those being tested and highly expensive for the taxpayers (and the taxpayers’ children, and their children, etc.) who are financing it, these tests are at least “free,” if you get my drift.

A number of high-profile cases of fraud, and enduring questions over the accuracy of antigen (also known as lateral-flow) tests, have prompted criticism of health minister Jens Spahn’s scheme for triggering a free-market free-for-all, something Die Welt newspaper called a “testing gold-rush”.

“It’s an absurd system, and very atypical for Germany”, said Matthias Orth, of the Institute of Laboratory Medicine at Stuttgart’s Marienhospital. Earlier this year, Germany’s disease control agency reported that one commonly used antigen test – which only detects Covid-19 cases on days the viral load is highest – had missed 61% of asymptomatic infections at the emergency ward of a Stuttgart’s Katharinenhospital clinic.

Woman Who Never Worked A Day In Her Life To Turn Germany Into A Socio-Ecological Economy

As soon as anybody can figure out what “socio-ecological economy” means, that is. Might take some time.

Oh yeah, I forgot. There is no more time. The world is coming to an end and man-made CO2 will kill us all and all that. So actually, it’s easy to figure out. All socio-ecological economy means is to spend more and ever more of other people’s money (and their children’s and their grandchildren’s and their…).

Greens vow to turn Germany into ‘socio-ecological economy’ – Party approves election manifesto that calls for fast-tracking of switch to carbon neutrality within next 20 years.

Salvation Complex

Is not all that complex, really.

Salvation

Germany remains the “country of prohibitions.” Why? Because Germans like them. „Verboten ist, was nicht ausdrücklich erlaubt ist.“ Whatever is not expressly allowed is forbidden.

In truth, Germany’s salvation complex is deeply and culturally ingrained, and has a track record for giving rise to the kind of blind activism that typically hurts stated objectives in the end. As Chancellor Angela Merkel battles to keep the lights on for households and businesses barely coping with record-high energy prices thanks to the much-hyped Energiewende, it is clear that German’s hamfisted attempt at a speedy energy transition is the most tragic example of environmental zealousness to date.

 

German Of The Day: Steuerhinterzieherin

That means tax evader – of the female persuasion.

Taxes

The title of the article: The Super-Lefty as Tax Evader.

Katrin Lompscher (Left Party), the Senator for City Development in Berlin’s red-redder-green (SPD, Left Party, Greens) city government – and the mother of the city’s infamous, breathtakingly failed and unconstitutional Mietendeckel or rent cap – has been forced to resign due to tax irregularities. They weren’t paid regularly enough, in other words – she earned too much on the side and declared too little. It’s folks like her – and there are a whole lot of them here in this city – who put the Social in Social Democracy. Sorry. I meant, who put the Left in the Left.

Zu viel Kohle nebenher kassiert und nicht versteuert – das klingt nach turbokapitalem Protzvillen-Raffke.

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

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.

Just Say No

No, not no to drugs. Just say no to energy. Electricity was yesterday.

Energy

No nuclear energy, no coal energy. Not much sun either for solar energy. There’s lots of wind in Germany, though. Hot air mostly but still.

Germany is first major economy to phase out coal and nuclear – German lawmakers have finalized the country’s long-awaited phase-out of coal as an energy source, backing a plan that environmental groups say isn’t ambitious enough and free marketeers criticize as a waste of taxpayers’ money.

Bills approved by both houses of parliament Friday envision shutting down the last coal-fired power plant by 2038 and spending some 40 billion euros ($45 billion) to help affected regions cope with the transition.

The plan is part of Germany’s ‘energy transition’ – an effort to wean Europe’s biggest economy off planet-warming fossil fuels and generate all of the country’s considerable energy needs from renewable sources. Achieving that goal is made harder than in comparable countries such as France and Britain because of Germany’s existing commitment to also phase out nuclear power by the end of 2022.

$1.5 Trillion?

There must be a better word than “stimulus” for that.

Stimulus

Wherever medication is given in huge and sudden doses, there’s a risk of unpleasant side effects. In Germany, and Europe generally, one of these may be a lasting shift in governing philosophy from market-friendly policies to state interventionism. That needn’t end in central planning. But even going part of the way would mean buying relief today at the price of misery tomorrow…

First, governments tend to confuse a company’s size with strength. Second, they’re usually worse than private investors at spotting winners, and always worse at pulling money out of losers. Third, they turn the economy into a big lobbying competition for businesses, which eventually hurts taxpayers and consumers.