3Wk·

🚨Breaking news🚨 Special assets on the home straight

The multi-billion euro package for defense and infrastructure has cleared a decisive hurdle:

After lengthy negotiations, the parliamentary group leaders of the CDU/CSU, SPD and Greens have reached an agreement. The Bundestag could pass the package as early as next Tuesday.

The stock market reacted positively: $RHM (-5.13%) rises by five percent, $SMA records a rise of six percent, $KGX (-12.61%) rises by five percent, $TKA (-11.94%) rises by six percent and $BC8 (-3.87%) and can record an increase of nine percent.

If the Bundestag agrees, the bill still has to go through the Bundesrat. Here, too, a two-thirds majority is required for a resolution.

The negotiations took several days. Friedrich Merz had come a good deal closer to the Greens. On Thursday in the Bundestag, Merz offered to relax the debt brake not only for defense, but also for civil protection, civil defence and intelligence services. He also suggested earmarking part of the infrastructure loans for climate protection. However, the Greens had missed guarantees both for more money for the climate and that climate protection spending would actually increase.

29 Comments

MarTheRadi@marda304

3Wk

"Sondervermögen"

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Thomas@DonkeyKongx

3Wk

@marda304 nicer word for "debt" 🙌

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smougei@smougei

2Wk

@marda304 Always thought assets weren't bad? Hmm...

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Oleg@ScorpionfromBW

2Wk

@marda304 for me the worst word 😳

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mami_goes_boerse@mami_goes_boerse

2Wk

Well, we have saved the country to pieces over the years, so maybe investments aka special debts will help us get back on track. It would really be desirable.

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GonnaCatchEmAll@GonnaCatchEmAll

2Wk

Once again, nobody cares about special assets for pensions.... It's unbelievable how you can run into ruin like this.

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Fabian F.@Fabianfeuer

3Wk

The only green ray of hope in a depot marked by red.

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David@DerUnwissende

3Wk

We simply throw more money at necessary changes and hope that it will make a difference. But unfortunately the important reforms are missing. It will not help the euro. How are the special assets to be paid for in future from even more taxes?

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Artiskon@Artiskon

2Wk

@DerUnwissende Of course.
A financial transaction tax could be used for this, or a higher tax on capital gains - after all, the strong shoulders should bear more ;)
If the CBDCs have to be used on a mandatory basis first, I could well imagine an automatic wealth tax: everything over €10,000 is taxed once (cough) at 1-2% - it's not noticeable and what do you want to do? You can no longer hide the money ;)
VAT could be increased - one percentage point is enough, you don't notice the extra euro or less per week when shopping.
Perhaps a luxury tax could be levied on vehicles costing more than €20,000, for example, or generally on everything unnecessary in life - real estate, for example.
Pensioners could be taxed more, after all, they are becoming more and more numerous.

There are many ways to get more.
Or the thing is driven into the wall - it's bound to happen sooner or later - and then it's simply a new start.

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David@DerUnwissende

2Wk

First squeeze the citizen and then replace the currency with a new one and all debts are gone. This financial system with fiat money will fall at some point, the only question is how much longer

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Soprano@Soprano

2Wk

Well, now it remains to be seen whether the separation of powers is any good. Both the Federal Constitutional Court and the Federal Council can stop the special fund. If this does not happen, we can talk about the de facto abolition of democracy. Firstly, because the voters have been deceived about the breach of the constitution. Secondly, because the majority of voters reject the breach of the constitution and thirdly, because this level of debt will make it necessary to abolish other fundamental rights.

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Oleg@ScorpionfromBW

2Wk

@Soprano They are not interested in stopping the project. The main thing is to keep filling their own pockets, the rest is "after me, the deluge"

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Soprano@Soprano

2Wk

@ScorpionfromBW However, the Left and AfD have filed a lawsuit, the Free Voters want to block it in the Bundesrat and there are still many Merkel loyalists in the Federal Constitutional Court.

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Oleg@ScorpionfromBW

2Wk

@Soprano The motions from the Left and the AFD were rejected yesterday, according to what I read on several websites. Or do you have other information? I haven't read any news today

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Soprano@Soprano

2Wk

@ScorpionfromBW Yes, okay, I hadn't noticed. The motions were shot down without even being reviewed. So democracy has finally failed.

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Oleg@ScorpionfromBW

2Wk

@Soprano In my eyes, democracy has been dead since Covid. But the grannies against the right will protect us 😂😂😂😂

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Soprano@Soprano

2Wk

@ScorpionfromBW Can only agree.

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Solitair@Solitair

2Wk

Now the voted-out Greens are getting their climate dictatorship after all. RIP prosperity and Germany as an industrial location.
Merz is an even worse total failure than Merkel.

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Patrick@Paddy_ro

2Wk

How can it be that we elect a new parliament, but such a serious issue is still put to the vote in the old parliament? How can it be that the Federal Constitutional Court rejects an urgent application? I can't make heads or tails of this country - the voters have once again been mercilessly and without exception taken for a ride!

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NichtRelevant@NichtRelevant

2Wk

Investing in infrastructure and defense is all well and good, but doing it all through new debt is quite daring. And it's easy because you don't have to waste ideas on where you can or must make savings.
I probably won't be affected by the consequences of these enormous mountains of debt. But I think it's unfair to the next generation, who will have to bear the burden of interest and future taxes.

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TaxesAreTheft@TaxesAreTheft

2Wk

An economy that only consists of state subsidies of "special assets" would be an absolute horror scenario. I'll spare you the rest of my opinion 🫶

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Deleted User

3Wk

Comment was deleted

Stefan21@stefan_21

2Wk

@user35903002213 The mountain of debt will be paid off with even more debt and currency devaluation. If you have no assets, but save in the currency, you are completely at Arsch🤷‍♂️

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MarTheRadi@marda304

2Wk

@stefan_21 No one will pay off the mountain of debt

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Stefan21@stefan_21

2Wk

@marda304 That's how it is.

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Till@Tillmatic

2Wk

Well....then it's over with work-life balance....then you have to work...that's what made Germany great. My sympathy is limited.

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Walter S.@Roots

2Wk

@user35903002213 Unfortunately, the debts are already there. Everything is ailing.
And don't always just think in terms of debt - how about investments?
There are certainly "good" debts...
It won't do the next generation any good either if everything is cut and pampered.
Only the generation that is in charge now should see to it that it is used sensibly and wisely... and should at least start to use it... Those who incur debt also pay it.
Greetings

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Dirk@d031692

2Wk

@user35903002213 That is expropriation.

Interest rates will rise. The state will have to pay more and more interest. The state's credit rating will fall. Taxes will rise as a result. Private individuals will be reluctant to invest, as interest rates will generally rise for private individuals too. Economic output will fall. The inflationary drivers of bureaucracy, energy prices and tax increases will be supplemented by debt servicing and the state's ever-shrinking scope for education, infrastructure, health and internal security.

By health, I don't mean the lethal injection, by infrastructure I don't mean climate ideology, by security I don't mean an arms race for aggressive war.

We are probably on the verge of a currency reform with the intermediate step of the digital teuro anyway. This will allow the state to reduce its debt at the stroke of a pen, while citizens will no longer get a scoop of ice cream for their savings.

Those at the top know exactly what they are doing. They can't say they didn't know.

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Uwe@SchlaubiSchlumpf

2Wk

@Roots Yep. We don't spend money on rails. Let them stand at the station. An hour longer per change because every train is late, so what? Rails cost money. Not people's time. Everyone pretends that time is money. You can already see that when they skimp on education or family support (with children). What kind of society needs offspring? The main thing is to save money. (And then build a new magnificent airport).

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