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BNN News Archive Page
       Wednesday, May 03, 2006

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Tax the rich

This week’s tax increase in Germany is sure to be warmly welcomed by even the most diehard defender of liberal economic policy. Here in Germany, I mean. In a symbolic offering upon the alter of social solidarity, one of this country’s most venerated social myths, the Reichensteuer (rich tax) will be proudly introduced this morning (May 2nd). And rich it is, in revealing how clueless the German political caste is in knowing where it can possibly turn to next in its frantic search for other people’s money.

Anyone earning “too much” (250,000 euros and up) will be taxed at 45%, up three points form the current rate. Of course the rich and/or their money will just leave the country if they don’t feel like paying this and nothing at all will have been gained by this fruitless exercise.

Germans are notoriously neidisch (envious) and this is just another manifestation of their cult of Neid (envy). Anybody who has achieved anything in this country is immediately suspekt, suspected of having gained it through questionable means. And the irony is that they are most likely right. The Germans have spent decades building a system that makes it harder and harder with every passing year for any hardworking and honest individual to get ahead. Being perfectly and personally aware of this, they can’t accept the fact that some of them have managed to do so anyway.

It’s all about Umverteilung (redistribution), as usual. The redistribution of that ever-decreasing resource, income, goes on and on. The structural changes that might actually lead to an increase in income and even the possible salvation of their precious system (which they are now systematically destroying through this continual redistribution process) are never addressed here. No, that’s not fair. They are forever being addressed here, they just never get introduced.

But it feels good, you know? Taxing the rich, I mean. They will finally be pulling their weight and pull us up out of this deep dark hole we’re stuck in while they’re at it, right? Yup, it feels good. And the only thing that could possibly be better than taxing them is eating them, I suppose. But there’s still time for that.

Come visit me at Observing Hermann...



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posted by Clarsonimus at 9:43 AM  

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