Von der Leyen demands trigger of emergency clause to massively boost defense spending
Von der Leyen demands trigger of emergency clause to massively boost defense spending
12 comments
-
Like it or not, but with agents prone to use military force around the corner we better prepare for it one way or another, either to fight back or to subdue, because deterrence is at the weakest point since decades and most of Europe has become unused to war efforts.
I personally hate to have to do this, strength countries mutual balanced dependence that makes this undesirable for both parts is my preferred choice over spending on military resources, but lacking of that tie with those agents around…
-
Germans when their country turns right wing:
-
And taxing the rich more, right? RIGHT?
-
Could it mean that we’re finally free of the arbitrarily chosen debt ceiling? This is a liberal miracle.
-
Don't worry, liberal are OK to let rich lend more money to the government, not to let the rich pay taxes or let inflation erode the rich's saving.
When a government gives a similar amount of interest to the rich than education spending there is something fucked up
-
Don't worry, liberal are OK to let rich lend more money to the government, not to let the rich pay taxes or let inflation erode the rich's saving.
Rich will find a way to profit from everything but I think in this case it’ll be limited to government contracts and not profiting from the debt itself.
Government debt and public investments are a rich man’s nightmare. First of all, they can’t easily profit from it because it’s low interest due to reliability of governments in general. That means that most of this kind of debt is held by pension funds or banks that have to meet their regulatory needs on liquidity and safety.
Second, if it’s issued in a domestic currency then the debt can be devalued by issuing more currency, meaning rich lose out considerable amounts in nominal value because of how much money they are sitting on. This affects others who have most of their wealth in basic possessions like flats, cars but to a much lesser extent.
And lastly, public spending means collective bargaining and non-commercial ways of satisfying human needs like education, health etc. In the ends it’s much more cost effective for all of us.
This is an okay compromise. Ideally in a capitalist society there’d be wealth based tax that would go towards defence spending since poor have nothing to defend. That obviously won’t work since fairness is not a point in capitalism.
-
-
we’re finally free of the arbitrarily chosen debt ceiling?
That's what she's proposing. Considering recent events there is no other immediate way to strengthen our defense. I imagine it will be approved by the European Council.
Also, I prefer to have something protecting our lives and debt, than have nothing and die wealthy.
-
-
Please Europe help us in Canada to safeguard democracy!
-
I honestly hope this will result is a strong alliance between the EU and Canada and if possible other countries. It's kind of our own fault for relying on the US for too long, we need to make sure we can protect ourselves without the US.
-
12 comments