Not really a shocker, I noticed late this afternoon in German public TV news (ARD)....that the SPD spoke up today politically....about another tax increase idea.
The hint so far? They'd like to target only the higher income people.....the wealthy....in an effort to a fairer financing of German national goals, and to correct social inequalities (meaning to terminate welfare and go to a basic pay system.
Part of this effort.....at least as ARD says....is to go after financial assets and inheritances to finance this tax increase.
None of this will take place with the SPD until after 22 April (their party convention). So it's just simply hints right now.
No one can say they are shocked.
The problem here? This idea to dump welfare and go to basic income structures.....has never been laid out in terms of how much they'd pay extra to welfare recipients and how much they'd have to fill their pot to pay this.
I'm no rocket scientist, but I'd generally guess the amount to be at least four billion extra.
The problem here is that everytime you suggest some rise like this.....the somewhat wealthy folks start talking about dodging income reporting or moving cash out of the country (like to Cyprus). The Finanzamt will speak up and swear they can see 'everything', and then three years later admit that ten billion moved out of the public and they can't see it.
The problem in some ways....is that everyone demanded a new hot number one topic come up instead of migration and immigration.....well, they got their topic.....welfare in Germany is crapped-up and a fairly big mess. But fixing this is next to impossible to do....without massive taxation. Getting this passed? That's the curious thing....I can't see the CDU agreeing to this, and you'd (if you were the SPD)....you'd need the Linke Party, Green Party, and the FDP to accomplish this tax increase. The FDP would just laugh when you came to ask for support like this.
So, you can expect the next six months to be this long public discussion about raising taxes.
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