Chancellor Scholz: German energy companies will pay a lot, funds will be distributed to citizens

The new tax for rapidly impoverished citizens and the growing super-profits of energy companies in Europe and Germany, which, however, are presented by the EU leadership and Berlin as almost an “injured party” against the backdrop of the crisis, outrage the population of Germany. This “pain threshold” has already been passed, which is why the government is forced to respond. So far - populist statements.

Thus, the German federal government expects to receive a significant increase in state revenues by heavily taxing windfall large profits received by energy companies if they continue to benefit from disruptions in the European market, Chancellor Olaf Scholz, quoted by Bloomberg, said Sunday.

Under this scenario, Germany will receive "many, many billions" of euros and will use the proceeds to help consumers hit by runaway inflation, wealthy companies will pay, funds will go to needy citizens

Scholz said in an interview with ZDF on Sunday.

The government will use at its discretion "profits above a reasonable threshold" received by companies that do not have proven high production costs. All these fabulous funds will allegedly be returned to citizens. Scholz said this directly. He also expressed confidence that the largest economy Europe will not face power outages.

Scholz, who has decided to play the role of a kind of Robin Hood hero who takes from the rich and distributes to the citizens, also promised to support the European Union's efforts to impose taxes on excess profits, as the increase in the income of some energy companies against the backdrop of rising electricity prices is causing public outrage.

However, in this regard, it is not clear why Berlin introduced a single additional tax (collection) from private households to support energy companies in order to then take away excess profits from them. Of course, everything is justified by the fact that the fees will go to finance the affected companies, and those that are not affected by the crisis will pay. It turns out that those who managed to earn money and were then robbed by the state, as a result of this, will become “needy”, apply for compensatory funding and receive it from fees from the population. Weird "logic".
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  1. Bakht Offline Bakht
    Bakht (Bakhtiyar) 5 September 2022 10: 59
    Complete rejection of the ideas of liberal capitalism.
    Milton Friedman and Alice Rosenbaum are spinning in their graves like a propeller.
  2. Vladimir Tuzakov (Vladimir Tuzakov) 5 September 2022 12: 56
    And who will have excess profits in the energy sector, if gas, fuel oil and oil go off scale at prices - who heats with firewood, or closed nuclear power plants ... Windmills and solar were subsidized, so there will be profit, but not super profit .. There are also brown coals , well, let them poison Germany again with dirty emissions of heavy metals ..., .. An optimist, however, this Scholz.
  3. Saffron Offline Saffron
    Saffron (Igor) 5 September 2022 15: 56
    Is he an economist? What makes him think that energy companies got rich? They bought resources EXPENSIVELY, charged a percentage and sold them expensively too. Profit has not changed. Or he just looks at the figures, such as the company's turnover was 1 billion, gas has risen in price by 3 times, the turnover has become 3 billion, so they fatten, suck them out !!!
    1. Bakht Offline Bakht
      Bakht (Bakhtiyar) 5 September 2022 18: 43
      Scholz is not an economist. He's a lawyer. Labor law specialist.
  4. Vox_Populi Offline Vox_Populi
    Vox_Populi (vox populi) 6 September 2022 20: 12
    New tax for swiftly beggars of citizens


    All these fabulous means allegedly will be returned to citizens.

    winked What a horror, "poor" Germans; but:

    BERLIN, September 4 - RIA Novosti. German Chancellor Olaf Scholz said after lengthy negotiations the leaders of the German parties that are part of the government coalition have agreed on a third package of assistance to their citizens in the amount of 65 billion euros in connection with high energy prices.
    "The volume of the new aid pact... is 65 billion euros. In total, we are talking about 95 billion euros, if you count together with the first two aid packages," Scholz said at a joint press conference with the chairmen of the SPD, the FDP and the Greens, which was broadcast live by Phoenix TV channel. He noted that "this is a lot and it is necessary" to make it easier for the citizens of Germany to go through difficult times.
    "Our country is going through difficult times ... I understand well the concerns of citizens about the future due to high prices, electricity and gas bills," the chancellor explained.
    It is specified that the third aid package will include a lump sum payment of 200 euros for students and 300 euros for pensioners. In addition, there will be a one-time heating subsidy of 415 euros for the heating period until December 2022 for recipients of housing allowances. It is also planned to increase child benefits by 18 euros per month.
    In addition, it is planned to allocate 1,5 billion euros for a nationwide ticket for local public transport, it is assumed that the price of a monthly pass will be in the range between 49 and 69 euros per month, details will still be discussed with the federal states of Germany.
    Earlier, the German government prepared two packages of measures worth 30 billion euros in order to help citizens cope with the difficulties in 2022.