Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (214113)	1/2/2005 11:20:58 AM
From: Taro	Read Replies (2) \| Respond to of 1578367

"...isn't Germany even more socialistic than Japan, and therefore, should have even more discretionary income to burn on the tsunami victims?" Yes and yes. "..the reason Germany isn't giving more is because its using its discretionary income for the upgrade of the former GDR." No, I don't buy that one either. The root of the German problems goes back to the late 70s. Sure Schroder and others - especially the liberals as a matter of fact - like using this lousy excuse. The fact is that they, Kohl and Schroder alike, strangled the motor of the German economy, the private sector, by hiking the taxation from <35% of the GNP back in the early 70s to aro 60% by the early 90s. For the purpose of feeding their extensive welfare system not limited to but including extremely generous unemployment compensation programs. This was before Reagan and Laffer... But again, this is a great topic of another discussion. Hey, the Italians have lived with the same problem, their Mezzagiorno project keeping their idle South over waters for 50 years now. And while doing so they have moved on from Banana Republic levels to way ahead of German economy in structure and development. A proud nation and being so for a reason. Much unlike Schroder's great buddies being in part much to be blamed for UN's failure in getting Saddam to bay. Taro