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Cake day: January 29th, 2025

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  • Hotznplotzn@lemmy.sdf.orgBanned from communitytoEurope@feddit.orgGermany faces record trade deficit with China
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    5 days ago

    @einkorn@feddit.org

    No, we are not talking about technology. The humanitarian situation in Chinese supply chains is devastating. Brazil sued China carmaker BYD over ‘slave-like’ conditions in a Brazilian plant this year.

    It is noteworthy that Chinese companies operate across integrated supply chains, meaning there are almost no relevant local or non-Chinese workers along the value chain. When expanding abroad, Chinese companies bring their own Chinese workforce. It is noteworthy that China is among the countries that heavily oppose laws for transparent supply chains.

    In the mentioned case in Brazil, the authorities found that the Chinese migrant] workers could not leave their dormitories without permission, were forced to work long hours without weekly breaks, and were deprived of wages and passports. Their living quarters were overcrowded and lacked basic amenities, including sufficient toilets and refrigeration for food. Brazilian labour authorities stated that the workers are victims of human trafficking.

    Such conditions are typical for China. There is ample evidence for forced labour in China’s Xinjiang region and across the country as well as in Chinese companies operating abroad.























  • Hotznplotzn@lemmy.sdf.orgBanned from communitytoEurope@feddit.orgFrench lawmakers reject wealth tax proposal in budget debate
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    9 days ago

    What is ‘fair’?

    If the ‘wealthy’ consume more - and more luxury goods - they would automatically pay more taxes, and the administrative costs of consumption taxation are much lower than they are in an income tax regime.

    A consumption tax would also reduce the headache of low economic growth, which limits the income tax of the state in the long term.

    A consumption tax is also ‘fairer’ in that under an income tax regime, savers pay more tax than consumers. Suppose we have a consumer and a saver with the same annual earnings. In an income tax regime, the consumer (who spends the money right away) pays tax only once when income is earned. The saver, however, pays not only once when the income is earned but also later on the income on the saved earnings (interest rates, dividends). So those who save (and invest) pay more taxes than those who spend their money right away.

    Taxation on income (and capital gains) are often justified with the fact that the wealthy save more than the poor, so it is only fair that they pay more taxes, many say. In addition, it is often said that more wealth goes hand in hand with more economic power and political influence. Although these arguments have some validity, they do not address the core task of taxation. And, more importantly, they ignore the fact that social and political equality must be addressed primarily by other means such as transparency in political decision making, open public discourse, direct democracy, and other instruments.

    Instead of taxing income and capital gains we could, for example, apply the consumption principle to the taxation not of wealth but wealth transfer since giving assets to heirs is, in fact, some form of consumption. This would ease the various troubles associated with all forms of income taxes, and would help to create a ‘fairer’ society.


  • In a recent report citing German intel, it says amongst others:

    Russia has evolved its tactics. Instead of deploying elite intelligence operatives, Moscow now outsources the work in what could be called a “gig economy” model. That means local criminals, extremists or vulnerable individuals are recruited online, sometimes for trivial sums, to commit sabotage. Railway signal boxes have been set ablaze. Defence contractors have been targeted. German naval vessels have been sabotaged.

    This approach offers Russia perfect deniability. When a petty criminal sets fire to a railway junction, that does not usually create a diplomatic incident. There are no captured spies, and it is hard to link Moscow to the attack – until one sees the pattern across dozens of incidents …


  • Higher VAT hurts regular people more than the wealthy.

    How does a luxury VAT on yachts and private jets and things like that hurt regular people more than the wealthy?

    Across OECD countries, VAT & goods and service tax combined contribute around a third to the tax revenues (on average), that’s only slightly less than income from personal and corporate tax and capital gains tax. The rest (around 25%) comes mainly from social security contributions.

    Compared to consumption taxes, income taxes impose steeper administrative and compliance costs. It would be much easier to apply in our modern world - contrary to more than 100 years ago, when nation states shifted from a primarily consumption tax-based system to an income tax-system, and when only an incredibly small number of citizens were subject to these income taxes.

    Switching to a primarily consumption-based taxation would be a better choice for a variety of other reasons, too. I don’t say we should abandon income tax completely, but the shift would be a good thing imo.

    [Edit typo.]