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You mean the German taxpayer hasn't been already subsidizing the German export industries?

Yes. The German worker has. But the German taxpayer hasn't. Taxpayers include (in theory) the employers.

At the moment, the subsidy schemes are from workers to employers and from net importers to net exporters. A redistribution system that evened out the current account imbalances would add a redistribution scheme from taxpayers to export businesses on top of those.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sun May 16th, 2010 at 07:45:55 AM EST
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