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Head explodes? WSJ against tax cuts in Germany?!

by Jerome a Paris Tue May 13th, 2008 at 05:19:41 AM EST

An attention grabbing headline on the frontpage of this morning's edition of the European version of the WSJ:

Tax-Cut Plans Imperil Growth In Germany

BERLIN -- Germany's ruling parties are offering voters rival tax-cutting plans, threatening the government's attempts to curtail public debt in Europe's biggest economy.

The sudden rush to propose tax cuts is the latest sign that German politicians are turning their backs on the long-term structural overhauls that economists say the country still needs to grow over the long term.

Woa! Not only the WSJ is against tax cuts, but it says they are detrimental to "reform"? Has hell frozen over?

Not quite...

The proposed cuts, plus promises of extra government spending, would benefit middle-class families most, the CSU said.

(...) Social Democrat leader Kurt Beck told Germany's n-tv television that his party would present its own tax-cutting plan later this month, also pledging to help middle-class and lower-income families.

Chancellor Merkel said Friday that her party and its Bavarian ally would present a joint tax-cutting plan early next year, ahead of national elections due in early autumn 2009. "The aim is to reduce the burden on the middle class, low earners and families and to do more for children," Chancellor Merkel

Haha! All is clear. Tax cuts for the low earners are the problem. These are evil attempts to unfairly subsidize the parasites of society.
Economists say tax cuts would be a good thing if they were accompanied by spending cuts. But the ruling parties also are competing to offer more-generous spending.

Spending increases are okay is going towards military spending or other forms corporate welfare. But towards the poor? Yuck! Ineffective and dangerous!

Still, it is quite a treat to see that headline.

Yes, a tax cut absolutely has to be presented as targetted at the middle-class and low earners, but actually be the exact opposite, like the Bush tax cuts.

But one that would actually benefit them? Yikes, next thing you know you will be talking of raising their wages!

Earth provides enough to satisfy every man's need, but not every man's greed. Gandhi

by Cyrille (cyrillev domain yahoo.fr) on Tue May 13th, 2008 at 05:30:34 AM EST
When will us silly Europeans acknolwedge that a nation is run for the sole benefit of those that have the means to take care of themselves. Welfare should only be for the rich and powerful and not for the ordinary working people.

The concept of social cohesion and solidarity are so alien to the US mentailty that even with the US economy is a mess, the largest prison population in the world, the largest gap between rich and poor in the West, failing education and healthcare system, the media and politicans are still spewing the same old story.

by EvilEuropean (evileuropean@googlemail.com) on Tue May 13th, 2008 at 06:20:17 AM EST
I am impressed by their moral convictions. Anything goes, but attacking the wealth gap (aka competative advantage) of hard working elites - that is unfair.
by das monde on Tue May 13th, 2008 at 06:31:55 AM EST
[ Parent ]
These people...

There are no words. Well, there actually are: fucking feudalists!

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Tue May 13th, 2008 at 05:50:12 PM EST
[ Parent ]
You really had me going there, Jerome.

That headline writer is out looking for work, I presume.

by vicki on Tue May 13th, 2008 at 07:08:22 AM EST

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