GERMAN GOVERNMENT ECONOMIC STRATEGY AIMED TO SAVE MONEY OVER MANY YEARS, STIMULATE THE ECONOMY AND REDUCE THE DEFICIT SEEM THE OPPOSITE TO ITS OBJECTIVES, WHEN COMPARED TO THE ECONOMIC STRATEGIES OF MANY COUNTRIES.
The alternative German government plan to save money over several years by the reduction of social assistance as the assistance offered to couples with the intention to have many children, instead of the previously thought tax increase on the wealthiest and those regarded as high income earners has been the best alternative plan taken at a time in which many economies have been threatened by massive jobs cuts, outsourcing and the increase in unemployment rate. However, this plan which has been in tended to save much money and reduce the country's deficit, stimulate its economy and keep the German currency harder seem the opposite to its objectives, when compared to the economic plans of many countries which included the USA that had been aimed to stimulate their economies, reduce inflation, keep the currencies harder and reduce the deficit.
The alternative economic plan in which the wealthiest and high income earners have been taxed as solution to the problems of the poor, or those with less income and for better economy amid massive jobs cuts and increased unemployment rate has thrown many countries in to financial and economic chaos instead.
Written by Godfrey Ohia.
Monday, June 7, 2010
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