Saturday, August 10, 2013

The Silent Expropriation (Die stille Enteignung)

by Martin Armstrong
Armstrong Economics

What I have been writing about may seem extreme to some Americans. But in Europe where the economic decline is in full bloom, the ”Handelsblatt – Germany”, the leading newspaper on business, has come out with an article entitled The Silent Expropriation (Die stille Enteignung). This is the most respected newspaper so it is not the lunatic fringe. What I have been writing about is starting to make the mainstream press in Germany – rising taxes and falling economic growth.
“We only discuss in this country about re-distribution, but not how to work for that money in the first place”
“We only have the power to do one thing: either we invest (and create jobs) or we pay wealth tax” (Germany wants to introduce)
Subtitle of socialist chancellor candidate Peer Steinbrueck: “Many thoughts about other people’s money” (and how to re-distribute it)
Continue Reading at ArmstrongEconomics.com…
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