this post was submitted on 07 Oct 2023
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Most of Germanys richest families have inherited their wealth from Nazi times. Many still think that way and somewhat control the media. I certainly can think of a solution.
That's not the problem here. You are talking about a very small group of people. The voters of the right populists are unfortunately a lot more. It's a combination of many reasons, but i think the biggest reason is things went to shit for the last 20 years, need to be fixed now, cost a lot of money, communication from the government is bad. Resulting in the high taxes for the average are kept, combined with new mandatory costs forecasted by the right wingers (doesn't matter if true or not) making them feel like they would loose their standard of living, while all the stuff that would need public investments, like schools, housing, day care, health care,..., is still at the brink of collapse. And here come the rights with their simple solutions for complex problems, while the established parties have no better ideas than shifting themselves more to the right. Tldr: something must change fundamentaly really quick or Germany or better all the western countries are fucked very soon
Taxes are high, because there is almost no wealth tax in Germany. So it would be easy to lower taxes from work income, if one would rise the wealth tax. The massive income tax makes it impossible for most Germans to built up wealth. That is why 2/3 of German millionaires inherited their wealth. Hard work is not the way to riches in Germany.
Then the current government is activly paying back debt in an economic crisis. Last year debt to gdp went down for Germany and it looks like it will do it again this year and very fast. The reason for that is that new borrowing is massivly under inflation and the German economy has grown pretty fast in nominal terms(so with inflation included). This is what the current government focuses on. The money is there to pay for better infrastructure, it is just that especially the liberals do not want to spend it. They are the party most representic big money in Germany. Obviously this is morronic by any sane person, but the general German public is so incredibly uneducated on the basics of finance that they support it. They absolutly hate the idea of taking on debt even for investments. Even taking on loans to buy a house is seen as a moral failure for that person.
Absolutely agree - thanks sexy boy Lindner :) except for the last statement - almost everyone (who has a certain income) can afford a house only by taking a loan, so that's very common.