Re: What's Going on in Europe
Reply #1042 –
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[glow=black,2,300]Germans, & the EU, fear huge job losses because of US tax reform.[/glow]
Source: Handelsblatt Global While Americans are anxiously awaiting full details of the tax bill now being finalized in Congress, German economists are warning that the changes sought by President Donald Trump mean that significant amounts of new investment and jobs will shift from Europe to the United States.
“The tax competition will have a new dimension,” said Christoph Spengel, chairman of the corporate tax department at the University of Mannheim. Mr. Spengel, who is also a research associate at the Center for European Economic Research, and a group of tax experts at the university have done a detailed comparison of the two countries’ tax systems and published a report under the heading, “Germany loses out in US tax reform.”
Clemens Fuest, who heads the Ifo economic think tank, also said he believed German business would suffer. “Investments and jobs will migrate to the US,” he said.
President Trump is movin' on with his "[glow=blue,2,300]America First [/glow]" Pledge to Americans.
Being that all the EU Nations voted against the USA recently on the Israeli Capitol of Jerusalem issue, the President is mulling over cutting aid to them, starting with Germany, just to show the EU who needs whom.
He is also contemplating cutting UN funding, for all projects, by 50% for one year.
The European Countries will start, slowly at first, but start they will to accept Jerusalem as the capitol of Israel.
US funding that arrives every year may be in the balance, but by accepting Israel's claim for Jerusalem individually, they may be thanked with continued American Economic Gratitude.
If the UN doesn't understand which side their bread's buttered on, the other 50% of US funding for all projects may start to dry up sooner rather than later.
They may also be looking for a new home, if they don't mind their manners.....May I suggest Bonn as a possible alternative to Manhattan?
President Trump does not follow the UN's lead, nor Europe's.
They may eventually fall to the wayside & wither unless they follow the US President's strong "lead" for Jerusalem acceptance.
The President doesn't see the UN action the other day as a "Trivial Matter", but he sees that the UN has taken America's generosity for granted for far too long.
[glow=blue,2,300]America First! [/glow]