Here's something fascinating in business news these days. Germany is now planning to cut taxes in its efforts to stabilize its own economy. This nation hopes to stimulate Europe's economy in this way, according to Chancellor Angela Merkel. She also said that Germany is feeling the crunch created by the collapsed economy in Southern Europe.
She went on to say that her country felt it was their responsibility to do everything, including cutting taxes, to help stimulate the domestic economy. They have also set a goal of maintaining the domestic demand for goods imported from other countries in the euro zone.
It was just last May when Germany's parliament rejected plans by the government to cut taxes to the tune of 6 billion euros. The opposition thought it would not be in the nation's best interest to do so at a time when they were trying to balance the nation's budget.
For the more conservative minded individual, cutting taxes to stimulate growth just makes sense. Ειδήσεις ΓερμανίαOne has to admit though that not everyone agrees. Some folks seem to believe that the only way to stimulate the economy of any nation would be to spend even more money. Maybe these people should try to balance their own budgets this way.
Small business news brief here: spending more money to grow a business when it is struggling just does not make sense. Creating more cash flow problems is not the answer to a stable economy. Yes, sometimes it is a step in the right direction to make investments for growth, but overspending is not the answer when the budget is falling apart.
Putting one's country in jeopardy, just to prove a point, has never been the right thing to do, regardless of the region of the world. Sometimes, it can be downright treasonous when done out of vengeance against one's own nation.
One might expect that Europe would be the last place taxes would be cut, since most people think of it as a liberal part of the world. However, time has a way of teaching some people powerful lessons, if they will listen.
Europe has been through some hard economic times in recent years, and some nations have even fallen into disrepair because of it. Others have learned from experience that entitlements gone awry are not in the best interests of the people. Maybe others in the world should take a hint from what Europe has found out.
Taking the pride away from the people, and giving them a handout mentality in its place, will only spell disaster for any country. When people are not willing to work for what they get, from where will entitlement funds come? Putting a curse on the wealthy, because they understood how to gain riches, tends to cause further decline.
What is a nation to do when they find themselves in this situation? Look up and find leaders that νέα Γερμανίαhave a calling higher than the acclaim of political office.