subject: Stimulating The Economy [print this page] Heres something fascinating in business news these days. Germany is ready to implement plans to cut taxes to help stabilize its economy. Germanys Chancellor Angela Merkel and others hope this move will help stimulate the economy all over Europe. She also said that Germany is feeling the crunch created by the collapsed economy in Southern Europe.
She further said that Germany feels and obligation to help in any way possible, and that includes reducing the tax burden, in efforts to stimulate its 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 Germanys parliament rejected plans by the government to cut taxes to the tune of 6 billion euros. Those who opposed this plan felt it was not in the best interest of the nation to approve it when the nation was struggling to balance its budget.
People on the conservative end of the spectrum feel that cutting taxes is the right way to stimulate growth. Not everyone agrees though. Some folks seem to believe that the only way to stimulate the economy of any nation would be to spend even more money. Someone should tell them to try that with their own budgets.
Small business news: going beyond your budget to stimulate growth is not a good idea. creating a stable economy does not involve added cash flow problems. Of course, making wise investments does make sound business sense, but this should never stretch the budget too far.
Putting ones country in jeopardy, just to prove a point, has never been the right thing to do, regardless of the region of the world. There are times when doing so is just an act of treason if these decisions are made with vengeance against the country in question.
Because some people think that Europe is liberal overall, it is often thought that taxes would never be cut here. Nevertheless, there is something that can be learned from history when people just listen.
Because of the economic collapse of recent years, some nations in Europe have been hit hard. Other nations have determined that providing entitlements may not be best for all the people. There are some places in the world that could learn from Germany.
You remove a peoples pride when you teach them to depend of government. When greater numbers of people are not working, are we not reducing the funds that are used for entitlements? By cursing at the wealthy because of their tenacity to make money, we are causing further societal decay.
What is a nation to do when they find themselves in this situation? Take a look at potential leaders and only hire those who have a higher calling than political fame.
by: Clare Crowden
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