Tue Apr 18th, 2006 at 07:25:41 AM EST
Sounds like it, based on this FT article dug up by Fran in this morning's European Breakfast: New SPD leader seeks to put party stamp on reforms
Kurt Beck, new leader of Germany's Social Democrats, favours tax increases and restrictions on hedge funds, and wants to restore a clean-cut image to political life.
Mr Beck told Der Spiegel, the weekly news magazine, that current tax rates, criticised by big business as excessive, were too low and would have to rise to fund public-sector investment.
"We can't make the republic fit for the future with the current tax rate of less than 20 per cent, especially in the light of demographic developments and the huge challenges in the education sector."
He suggested there should be tax rises above and beyond the planned increase from 16 to 19 per cent in VAT, due next year. "We simply need more money for investment. Otherwise, existing infrastructure risks falling into decay." (...)
The remarks are proof of Mr Beck's pledge last week to raise the SPD's profile in the coalition and ensure a clear "Social Democratic signature" on reforms.
I dunno, but somehow I find the news that business needs more taxes refreshing. What do you think, is it a good idea or not?