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Recently there was a speaker (self-proclaimed socialist) going on about how America should strive to be more like Germany. He said their economy is fantastic, and socialism is why.
Is this true?
Recently there was a speaker (self-proclaimed socialist) going on about how America should strive to be more like Germany. He said their economy is fantastic, and socialism is why.
Is this true?
Can no one debunk this? I know I can't, but I thought one of you would be able to.
Recently there was a speaker (self-proclaimed socialist) going on about how America should strive to be more like Germany. He said their economy is fantastic, and socialism is why.
Is this true?
In short, because we're a consumer-economy, our value is not in what we do, but in what we buy. And the more we empower our people to buy, the better our economic and business climate will be.
This Socialist is complete ass hole.Recently there was a speaker (self-proclaimed socialist) going on about how America should strive to be more like Germany. He said their economy is fantastic, and socialism is why.
Is this true?
Can no one debunk this? I know I can't, but I thought one of you would be able to.
Can no one debunk this? I know I can't, but I thought one of you would be able to.
What socialism, dude?
Germans utterly reject Fed-style monetary policies. They reject a central bank with a mandate to stimulate the economy, create jobs and save irresponsible debt-addict politicians. There are probably more admirers of Von Mises and Hayek in the german Bundesbank than in the US Republican Party.
It amazes me that a country (America) that is allowed to run 1 trillion budget deficits for 5 consecutive years (with little or no consequence at all) is still considered by many as the cradle of fiscal responsibility and conservatism.
Both moderate german political parties and general public favor austerity and structural reforms over spending and huge deficits as the right to way to get out of recessions. And they are imposing their will in most Europe. They make no big drama if the GDP goes into recession for a couple of quarters.
Let's see some of their late "socialist" policies:
- Top personal income tax rate down from 53% in 1998 to 42%
- Corporate tax rate down from 59% in the 1990s to 29%. The german federal corporate tax rate is 15% (from 25% in 2007), the second lowest in Europe after Switzerland (8.5%)
- No taxation on capital gains until 2009. But the current taxable base is tiny.
- Deregulation and decentralization of labour rules. The labor reform costed the SPD two million party members and 1/3 of votes, and some of its worst electoral defeats in history.
- They have passed a balanced budget constitutional amendment, requiring a federal deficit below 0.35% of GDP from 2016.
- Right now the United States total spending as a share of GDP is 38% (federal, state and local). The German total spending is 42% of GDP. Considering that Germany has a national VAT of 19% (collected at every stage of the economy), and that one third of revenue in the European Union comes from taxes on consumption. Every german citizen pays federal taxes.
By the way, their Welfare is far from perfect. Health costs are out of control (12% of GDP and growing fast) because of low birth rates and an aging population. But they can still afford it.
The same group of people who controlled the banks in pre-war Germany are now in control of all U.S. financial institutions and driving our nation into financial chaos and possible collaspe.
A patriotic young German nationalist rose to power and made a heroic effort to rid his nation of this traitorous cabal and free the people from economic slavery but he failed.
Hopefully, a true American patriot will arise to free our country from this same group of people.
And be successful in instituting a final solution to a problem that has plagued western civilization for centuries.
Recently there was a speaker (self-proclaimed socialist) going on about how America should strive to be more like Germany. He said their economy is fantastic, and socialism is why.
Is this true?
The result has been massive government that is straining their financial stability. And, when government tries to takes measures to reduce government and governmental handouts, it leads to violent unrest.
If you can find a country that has a higher standard of living than ours and pays lower taxes, you shoud move there.