Re:The World Has a Germany Problem: Debt Obsession Ate the E...
by jaclaz on Tuesday August 20, 2019 @01:34PM
(#20749624)
>Preserving your wealth in a risk free fashion is a service the government is providing to you. That's a big portion of the reason why the army, police et cetera exist. It costs them and you a lot more than 1% per annum
Sure, but all that doesn't come out for free (and it isn't even cheap), as you pay taxes on your income.
Once it is in your pocket the money is "free" from the costs that have been already detracted from it for all the general government costs.
And besides once you have your income, you can spend it (and thus give to the government some more taxes, i.e. VAT or Mehrwersteuer) or save part of it, investing it (and BTW paying some more taxes on the interests or dividends your investments - hopefully - produce).
Sure, but all that doesn't come out for free (and it isn't even cheap), as you pay taxes on your income.
Once it is in your pocket the money is "free" from the costs that have been already detracted from it for all the general government costs.
And besides once you have your income, you can spend it (and thus give to the government some more taxes, i.e. VAT or Mehrwersteuer) or save part of it, investing it (and BTW paying some more taxes on the interests or dividends your investments - hopefully - produce).