In light of the current situation, let’s talk briefly about windfall profits. That is more revenue without increasing your own effort. And who is the biggest beneficiary? The Tax State. In the case of income tax and value added tax, it cannot be overlooked. That was so. That’s so.
examples? When goods become more expensive, VAT revenue automatically increases. If a product now costs 200 euros instead of 100 euros, the state’s income doubles from 19 to 38 euros.
In addition, the state has even made money on its debts in recent years because of the negative interest rates. Some people get jealous. There would be a few more of these examples, keyword cold progression.
Additional income for the state does not have to be bad per se if – instead of letting it get bogged down in the general budget – targeted investments were made:
Why point the finger at Shell, RWE and gas suppliers before you first skim off the additional profits from the state – and give them back to the citizens.
By the way: windfall profits for the tax state have also arisen from the many years of zero and negative interest rates. In favor of dramatic cost reductions in public budgets, at the expense of old-age provision for savers, investors and the insured.
But above all at the expense of future generations.
This affects all of us – especially the so-called little people – but much more than party videos from Finland and the horrific behavior of ARD members. It’s like a club.
The treasurer must be accountable to his members and use the contributions in accordance with the statutes.
If a donation is made for a new clubhouse, it must pay for the clubhouse. And if a contribution increase is made to support those who have had an accident in the club during sport, this added value must end up with them.
And when windfall profits end up in the state, they either have to reduce debt or avoid or reduce the build-up of new debt. Or these windfall profits have to be returned to the citizens, as well as with social choice and prioritization.
Always transparent. Always 1.1. Always goal-oriented. As with the club.
For example, anyone who demands the return of windfall profits from Shell or Allianz instead of letting them go into dividend increases should apply the same rules to themselves. Isn’t that just natural?
Oh yes: not to forget this pillar – the expenses. They have to be transparent and be targeted again. For example, vehicle tax revenue for mobility and transport infrastructure. Who does not act, does not act like this, sows wind and will reap storm.
