Imagine this problem. You are a country, with the start-up of a recession. You have the chief money man sitting there....looking over incoming tax revenue and expenditures.
Suddenly he stops and walks away from the desk. He's in a panic.
He's got 10 billion Euro extra....collected from the year's incoming tax revenue situation. It shouldn't be there, but somehow....things fell into play, and this miracle occurred. Roughly 12-billion dollars extra.
But here's the problem.....what the heck do you do with the extra money. Lock it into an account, or spend it?
If you were a conservative guy....you'd save it.
If you were a liberal guy....you'd find some social program and throw it into the pit.
Well, this has occurred here in Germany, this week.
Personally, if I were the money-manager....I'd be asking how the heck you accomplished extra tax-revenue....in the amount of 10 billion Euro. Did you sell more cars? Did a bunch of Chinese tourists make the difference? Did the migrants make a difference? Are Americans buying more German wine at a heavier price?
My guess in the end....they will spend the money unwisely. It might be nice if you just went to the bottom ten-percent of wage-earners who paid taxes into the bucket, and just write them a 200 Euro check for Christmas.....but I seriously doubt that they'd be that crazy. Instead, we will probably see some program for 9,000 new statues to be purchased for cities around Germany, for 2020/2021.
No comments:
Post a Comment