Germany Ready To Destroy Its Economy Tomorrow
Tomorrow, Germany’s Constitutional Court will rule on a major tax case that could devastate German business owners. There was no estate tax in Germany so businesses could pass from one generation to the next intact. That may all come to an end tomorrow.
The country’s constitutional court will decide whether families can continue to transfer companies from one generation to the next without having to pay estate tax. This will wipe out potential growth in the country’s 3 million small- and medium-sized companies that are privately owned. These companies serve as the backbone of Europe’s largest economy and such a ruling will impact more than 130,000 family businesses with 1.6 million employees are set to change hands by 2018 alone.
The greed for taxes will only get far worse. There is no common sense here about reform. We no longer need taxes at the federal level. We are watching the destruction of the global economy because these people cannot think even 1 year ahead. It is all about what they need today. God help Western Civilization.
Disclosure: None.
Sounds like they are about as stupid as our country destroying Obama. Probably got their idea from that muslim plant.
And what country are you from? And who is destroying Obama? You don't make much sense, can you elaborate? Thank you.
These private businesses have and do pay their share of taxes. The new one is a death duty. A tax for the job providers for dying to inhibit or prevent their heirs to continue providing more jobs
The tax money taken will only constrict if not destroy the potential to improve and expand these businesses therefore disrupting or destroying the ability to improve production and employ more people. For what? Pay or subsidise the unemployed and unproductive?
Everybody should pay a fair share toward the society that they live in. What is wrong, is that some people have found ways to syphon the fair share into their own pockets. Hence, the fair share is never enough. Until we get rid of the corruption that exists in our Parliament, the class system that promotes privilege through birth, that promotes Royals living on benefits and being immune from presecution, a House of Lords that is populated by contributors to political parties, corrupt politicians and liars, we will never be a fair society. Not the politics of envy, I have more than enough to live a very good lifestyle, but I can see all around me the poverty and misery that our current system causes.
Do you mean prosecution or persecution? I would rather have the Queen or Prince Charles, soon to be King, people with a sense of Duty and dedication, as Head of State than some superannuated politician. President Clegg? And economically, the Royal family more than pays its' way. So far as taxation is concerned, I wonder how far you want the Government to control your life. Reduce taxation, let people take responsibilty for themselves, get away from the Welfare State, then will you find people paying their fair share. The Government will be able to provide those essential services that we all need and we will learn once again to shift for ourselves. Davidrobin.
Amen, you hit the nail on the head!
Is it not the billions being spent on the Eurozone that is the real problem? Sucking much needed funds from the contributing countries of which there are too few.
It's far from the only reason.
what I can not understand is how can the defeated countrys of Europe now tell us all what to do
Your crazy. Since when did higher taxes EVER ruin an economy? It's the reverse that can ruin an economy - just look at Kansas and the idiot republicans who refuse to tax multi-nationals on Wall Street at a decent level. THAT's what messes with a healthy economy.
No taxation without representation! Boston tea party.
French Revolution 1789 caused by Louis XVI tax increases.
Amen Herman. Stephan B
It sounds like South African government. They milk the hell out of the businesses and the people that contribute to the well being of the country. I cannot believe that a country like Germany can also do such stupid things.
PERFECTLY correct Herman. Bureaucracy drains the economy, buys votes from the lazy and the failures and props up politicians in un-earned luxury. Business is the ONLY enterprise, dear Guy Poor, that creates wealth. And prosperity. Milking business undermines progress and creates poverty. But poverty is good for bad government because their votes can be bought with the taxes milked from the productive.
Yeah, BS, fraud. To be clear, "they" don't milk business, and "business" doesn't contribute (directly) to the "well being" of the country. By being rich, they are are an element of structure, with the base being the impoverished workers. In a nutshell, business rapes the workers and the portrays their wealth as the backbone of national strength. What a parasitic fraud!
Darlin' Doug, I'm an industrial chemist of 37 years experience. I pay my taxes, and am willing to pay more (as I am in an upper middle class range) if others will. I'm fairly generous to charity as well, as I know my good fortune. I'm just an ACTUAL patriot, who thinks of my country and my people, not a me patriot who, as John Kennedy said, things only of what his country can do for him. Lena: The failures (NK, Venezuela, Cuba) are autocracies, the direction of the right. The model I"m looking for is more England, France, Belgium Holland, Germany, Denmark, Norway, Sweden, all prosperous democracies (current recession notwithstanding). Greece was a bad dictatorship, now it's a bad democracy. Envy destroys, but fairness prospers. The (often unfairly) rich can look at the poor and see envy, but anyone can look and see unfairness.
Darling you do not have to work, you can sit on your arse at home drawing benefits paid for by those people who produce.
Yep, North Korea, Greece, Argentina, Venezuela and Cuba sure are doing well for their "workers". Envy only destroys.
There are no certainties in business we are all at the mercy of others namely the banks and politicians
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