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In Germany the economy is geared towards production. Companies that do something real have benefits. Purely investment activities (financial industry) have to p
by coliveira 6y ago
In Germany the economy is geared towards production. Companies that do something real have benefits. Purely investment activities (financial industry) have to pay higher taxes. This makes the country more productive. In the US, the first thing everyone does is to move production out of the country and put their money on financial investments. It is great for investors because of the higher profit margins, but terrible for the economy in general.