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Eurosceptic Bloggers

Monday, March 28, 2005

Investment Incentives

How does a Statist increase the amount of investment in his country? He threatens business leaders that’s how:
Gerhard Schröder, German chancellor, has demanded more investment in the country from its business leaders as he seeks to turn round Germany's economic performance and boost his struggling political fortunes.
I’m sure that will work really well.
After corporate tax cuts announced earlier this month, business should also stop making demands on the government, he told the Bild am Sonntag newspaper. German companies were "more competitive than ever before".
So the country with the worst unemployment in the G7, due entirely to poor economic management, is run by a man who thinks that cosmetic tax cuts gives him the right to demand new investment from business. Meanwhile trade unions have the right to make unreasonable demands on companies which in many cases are not allowed to refuse, fight back or otherwise have very much say in the terms of employment of their staff. One in Ten of the working population are surplus to requirements and they call it the Social Model.

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