The German chancellor argues that shorter hours and high sick leave are hurting growth, as Europe’s largest economy struggles with stagnation, labor shortages and rising unemployment.
Germans might work more if they pay lower income tax and contributions on salaries. Why not tax income from sales of financial products more to make up for it?
We have this situation in the Netherlands, i don’t know the numbers exactly but if you work 3 days a week and want to work another day your monthly salary doesn’t grow by 33% but only by 10 or 15% or so because of all kinds of different taxes. Why would you work what feels a lot more, if in return you only get back what feels a very little.
Germans might work more if they pay lower income tax and contributions on salaries. Why not tax income from sales of financial products more to make up for it?
We have this situation in the Netherlands, i don’t know the numbers exactly but if you work 3 days a week and want to work another day your monthly salary doesn’t grow by 33% but only by 10 or 15% or so because of all kinds of different taxes. Why would you work what feels a lot more, if in return you only get back what feels a very little.