Germany to Impose Capital Gains Tax

Europe Daily ^ | November 18 2002 | AP

[Right_in_Virginia]

Darn good point! ;^)

[Republican Wildcat]

The reason they have budget shortfall is because their economy is doing poorly. A capital gains tax certainly won't help that. This is ridiculous.

[longjack]

In post 15, it should say the CDU is 45%, not 55%.

The FDP, CDU's traditional partner is at 5%. Together they reach 50%.

longjack

[chiefqc]

When the leadership makes a mistake, the people pay for it.

[pepsionice]

I live here...and even pay taxes to these dimwits. I am often shocked how stupid the common German is about taxes and government revenue. But this capital gains tax simply is icing on the cake.

There were a fair amount of Germans who were fearful of having no pension at 65...and were putting money into investments. These people will immedately stop new investments....which will quickly depress the entire market and slow business growth. One has to wonder what the priority was during the final meeting. The idiots attending the meeting likely thought that the rich of Germany would pay the tax and therefore benifit the government in terms of a captial gains tax. The common worker, who never invests, would not be hurt by this. If I were a German with money for investment...I would simply shift my funding to buying property. The Germans got exactly what they deserved....they believed the Shroeder blast of Bush as their number one issue....and here they are....with an economy going down the tubes....this was just six weeks ago. What a bunch of dimwits!