How it started. How it’s going.

For all fiscal nerds in Berlin (and those who would like to become one :)) ⬇️

Recent study by Forum New Economy reveals that many 🇩🇪 companies have been stashing away substantial savings over the decades, opting to boost equity & pocket the profits rather than investing in production or worker wages. newforum.org/en/wealth-crea… #TaxTheRich

Devastating election results in East 🇩🇪 with far-right AfD gaining first place (33%) in Thuringia, and 31% in Saxony. Even more depressing, AfD was particularly strong among young voters under 24 - and poo who are 70 or older. Time to act now before federal elections

EXC: The Commission is considering delaying its seven-year budget proposal (MFF) until after German election in Sept. 2025 The understanding is that Germany's political calendar will prompt the Commission to postpone its July 2025 deadline Story 👇 pro.politico.eu/news/185213

The far-right AfD gained the most votes among 18- to 24-year-olds in Thuringia with 15% & in Saxony with 11% compared to the 2019 election. One of the reasons is its strong presence on #TikTok & the fact that its algorithm disadvantages other parties. Alarming!

Adopting the narrative of the far right is normalising it in the political debate & society. That is dangerous and irresponsible. Friedrich Merz argues that the dire situation in schools, housing, hospitals, and universities is the fault of migrants.

Ganz unverblümt redet die #noAfD darüber, wie sie uns manipulieren will und nutzt dabei ungeniert und ungefragt Tanzvideos junger Menschen. Urheberrecht sowieso egal. Irgendwas mit Widerstand. Dies hier benötigt Reichweite! Volksverpetzer 🇪🇺🏳️‍🌈🐘🇺🇦 Daniel Lede Abal Zentrum für Politische Schönheit Teil 1:

#Draghi report is finally out. We welcome emphasis on massive investment needs & the role of public investments & joint borrowing. But those investments should go to critical sectors for the transition to a wellbeing economy. eeb.org/draghireport/ EEB

Dazu schlägt Draghi ein #kreditfinanziertes #Investitionsprogramm vor: “The EU should continue -building on the model of the NGEU - to issue common debt instruments, which would be used to finance joint investment projects that will increase the EU’s competitiveness and security”

Attended interesting launch event of Dezernat Zukunft yesterday presenting two studies: one on public investment needs in 🇩🇪 & one on how to finance those. Left with a handful of notes & ideas on how to bring these insights into #EU discussions on how to finance the transition.

Like it or not: Germany’s energy system is fully operational, with more than 50% renewables. And we are shutting down – not building – coal & nuclear plants. Coal will be off the grid by 2038 at the latest. PS: We also don’t eat cats and dogs. #Debate2024

Seit 15 Jahren steht die #Schuldenbremse im Grundgesetz. Was als gut gemeinte Regel begann, blockiert heute oft notwendige Politik. In meinem Artikel für DIE ZEIT frage ich: Muss das wirklich sein? zeit.de/2024/39/schuld…

Great article by my colleague Emilie Tricarico about the problems of work in a #capitalist system & how we can all have a better life if we would rethink work altogether.

2nd event on #fiscal policy yesterday. As always FiscalFuture organised a great event with high-profile speakers & loads of young people. I just really miss #EU perspective in 🇩🇪 debates. We need an #EU approach if we want to manage to fill investment needs & transition

"When Germany, as Europe's largest economy, sticks to austerity, it not only hurts itself but weakens the whole Union." My take Le Monde in a great piece by Eric Albert

Reformed EU fiscal rules are set to underestimate negative growth effects of fiscal consolidation; hence, public debt ratios may turn out higher than expected. In a new paper, we assess the European Commission’s DSA assumptions and provide plausible alternative simulations. 🧵

Today is #TaxJustice Day as part of the Global Week of Action! Taxing multinational corporations & the ultra-wealthy will unlock billions of dollars in tax revenues which can provide sustainable climate finance Sign to ask for a European wealth tax👉eci.ec.europa.eu/038/public/#/s…

Good POLITICOEurope article on the new European Commission power structure indicating that new EVPs (🇫🇷, 🇪🇸, 🇮🇹) are to be kept in check by trusted frugal Commissioners who control the key DGs (e.g. ECFIN). Worrying re a RRF2.0/strong #MFF, urgently needed to close #investment gaps.

Dont know much about #tiktok and I don't have but this EEB video made my day tiktok.com/@eeb_europe/vi…