Willing to do just about anything to avoid the collapse of their treasured Euro, Europeans are considering marxist policies so to save a failing currency.
The Telegraph reported that “Wealthy households would face new taxes on property and other assets under German plans to prop up the struggling eurozone.”
When governments turn to the producers in their countries to fund the failures of others, the end is nigh. It is fully Marxist philosophy (and a proven failed one) that says that “From each according to his ability, to each according to his need” – now Germany and other nations in the EU look willing to entertain socialistic policies despite their failures.
At this time, Germany is simply proposing a rule that would force troubled counties to tax their wealthier citizens to cover bloated government spending.
The slippery slope that German Chancellor Merkel’s advisors didn’t consider is an historic one. Soon enough, Germany may find economic hard times. Soon enough Germany’s producers will be left to pay the balance of social and government programs voted in by the rest of the citizenry.
As the legendary and recent departed Prime Minister Margaret Thatcher once said “eventually you run out of other people’s money.” It may not be long until Europe’s middle class finds themselves to be “the wealthy” as the uber rich get taxed into leaving. Then the middle class will look elsewhere and the only ones left paying the bills of an overspending government are the low-income earners. Find a Marxist country where this isn’t true.
America has its own challenges. States like California and New York are increasingly determining what citizens may or may not do and how much the wealthy should pay to subsidize those who will not produce. The USA is not without condemnation in this respect.
Marxism is a failed ideology that is so pleasing to the uninformed that it spreads like wildfire. “I can get fed and housed even without work?” asks the recipient. “I take risk and it goes to the unproductive?” asks the producer. How long can that imbalance last?
Europe may soon prove the equation imbalanced. And Americans will be left asking their president “why, exactly, did you want us to be more like Europe?”