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)
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