Jeffrey Haindl, CFA’s Post

Think yourself 💡

Mit diesem Statement ist Robert #Habeck wieder in die Rolle eines #Kinderbuchautor|s geschlüpft.  Peinlich für einen #Kanzlerkandidaten! Mit seinem Vorschlag, #Kapitalerträge der #Sozialversicherungspflicht zu unterwerfen hat er bewiesen, dass er den Unterschied zwischen #Sozialversicherungsrecht und #Steuerrecht nicht versteht! #Sozialabgaben auf Kapitalerträge zu erheben birgt so viele Probleme: Wie soll der Emir von Katar die #Dividenden, die er auf seinen deutschen Aktienbesitz erhält der deutschen Sozialversicherungspflicht unterwerfen? Welche Ansprüche erwirbt er dann aus dem #Versicherungsverhältnis, das mit der Beitragserhebung besteht? Wenn sich der #Staat verschuldet, welcher #Kapitalanleger aus einem Drittstaat oder der #EU will diese #Staatsanleihen kaufen, wenn er die Erklärung erhält, dass ca. 18 Prozent des Gewinns gleich wieder an die deutschen #Sozialversicherungsträger zurück fließt? Was macht man mit den ca. 8,7 Mio #PKV Mitglieder, an welche #Krankenkasse sollen deren Sozialabgaben dann durch welchen Vorgang abgeführt werden? Oder die reiche Sparer:innen, die gar nicht krankenversichert sind und ihre #Gesundheitskosten selbst tragen, wohin sollen ihre #Beiträge überführt werden? Das Niveau dieses Vorschlags ist so niedrig und rechtlich nicht umzusetzen. So ein Tohubawohu an #Ungleichbehandlung wirft doch sofort die #Verfassungswidrig|keit auf den Plan. Vielleicht ahnt das #Robert Habeck vielleicht schon, aber #Dummheit schafft keine #Gerechtigkeit! Was meint die LinkedIn Community?

Eine brilliante Analyse! Was tun? 1. Wir brauchen 200+ radikale Reformen und eine "Mission Zukunft Deutschland"- Details in www.missionfuture.com. 2. Verwaltung komplett digital wie in Estland- würde 35,000 Finanzbeamte einsparen und viele Milliarden. 3. Jedes Jahr 10 Prozent weniger Verwalter und Stellenstopp und Digitalisierung. 4. Zuzug Unqualifizierter klar begrenzen. 5. Wachstum, Wachstum, Wachstum 2 Prozent +, denn ohne dieses ist der Staatshaushalt auf Treibsand gebaut.

The digital transformation of Germany’s pension system is a game-changer for individuals looking to monitor their financial future. This tool enables easy access to public, occupational, and private pension claims, simplifying retirement planning. It’s crucial to stay informed and proactive about one's pension to ensure long-term security. Many may not yet realize the full benefits of this digital transparency in retirement planning. Have you checked your pension status on the platform yet? How do you plan to use this tool for future financial planning? It’s important to understand both the opportunities and challenges presented by such a tool in managing retirement benefits. How does the availability of this tool change your approach to retirement planning? Are digital tools like this enough to build confidence in your pension strategy? #DigitalTransformation #PensionPlanning #FinancialSecurity

I am pleased to disseminate the message brought by the German Minister of Finance, Jörg Kukies, that it is better to offer pension products with higher return expectations than with a capital guarantee. 💡The OECD - OCDE conveyed this message in a recently published study, noting the following:  "Investing in equity markets would, in general, lead to better retirement income outcomes for members of DC pension plans. Investing in equities is likely to provide a higher average performance, more assets accumulated at retirement and higher replacement rates than investing only in fixed income. Even during the payout phase, people taking regular drawdowns are likely to receive higher pension benefits when investing a significant part of their savings in equities." 💡Investing in equities makes pension benefits sensitive to equity market downturns occurring when people are close to retirement. To address this risk, the OECD noted the following: "Life-cycle investment strategies can mitigate that risk. By keeping a high exposure to equities during the first part of the accumulation phase and reducing it gradually as the retirement date approaches, life-cycle strategies use the compounded return effect to grow savings and reduce the risk of large losses when accumulated assets are at their peak.” 💡The OECD also stressed that “conservative investment strategies provide only moderate protection to members of DC pension plans. The analysis shows that retirement income outcomes are less volatile with a fixed-income portfolio than with investment strategies with some equity exposure. However, most people are likely to be worse-off with portfolios only invested in fixed income and to forego significant pension benefits. Additionally, even when a fixed-income portfolio may be the best option, the difference with other investment strategies may only be moderate, as portfolios with equity exposure may only produce slightly lower accumulated assets and replacement rates in case of negative events.” 👉 More info can be found here: https://lnkd.in/eynCcwgJ #EFAMA #pension European Insurance and Occupational Pensions Authority (EIOPA) Cvetelina Todorova Pablo Antolin Nicolas Stéphanie Payet

Our current wealth tax system in Norway is not just flawed; it is a glaring impediment to the growth and sustainability of small enterprises. Norway’s economy thrives on the backbone of small and medium-sized businesses owned by local entrepreneurs who are committed to their communities and strive tirelessly to sustain their operations. Lars Oscar Øvstegård, who is involved in the rental of commercial properties, epitomizes the struggles many face. With an annual turnover of 7 million NOK and four employees in Ørsta, his company has seen an alarming rise in tax demands. Seven to eight years ago, Øvstegård’s wealth tax was negligible, but in 2022, it skyrocketed to 290,000 NOK. To meet this staggering tax obligation, Øvstegård must increase his salary by 580,000 NOK, equating to 8% of his company’s turnover. This scenario is not just a financial strain but a critical flaw in our tax policy. For most businesses, such an outlay far exceeds their profit margins, often meaning the difference between profitability and insolvency. The glaring issue here is the inequity between Norwegian entrepreneurs and foreign investors. If Øvstegård were a foreigner, this additional tax burden would not exist. This disparity severely disadvantages Norwegian owners, hampering their ability to compete fairly. It’s almost as if one must be oblivious to basic economic principles to overlook this competitive hindrance. Norwegian politicians, who continue to support this tax structure, fail to grasp its detrimental impact on our local businesses. Allocating 8% of a company’s turnover solely to cover the wealth tax is beyond excessive; it’s financially debilitating. Such a policy reflects a lack of understanding of the thin profit margins within which many small businesses operate. For policymakers not to recognize that this tax framework stifles competition for Norwegian owners compared to foreign investors is perplexing. It suggests a fundamental misunderstanding of the economic realities faced by small business owners. One must be engaging in some form of delusional thinking not to see how this policy cripples our local entrepreneurs. We must reassess and reform the wealth tax system to foster a more equitable and competitive business environment in Norway. Supporting the growth and sustainability of local businesses is crucial for the health of our economy and the vitality of our communities. Norwegian politicians must wake up to this reality and take action before more local enterprises are driven to the brink. #TaxReform #SupportLocalBusinesses #EconomicEquity #NorwegianEntrepreneurs

Slovakia: Saving Its Way to the Top… of the Wrong Rankings 🏦📉 Slovakia’s new consolidation packages, including a hike in VAT to 23% and a transaction tax, are a classic example of saving on the wrong things. While countries like Sweden and Switzerland implement smart, long-term strategies balancing welfare and fiscal responsibility, Slovakia seems determined to climb to the top of the EU's debt dependency chart. Cutting spending in areas that drive growth while imposing additional taxes on businesses and citizens will only deepen the economic gap with more forward-thinking nations. Instead of tackling inefficiencies and fostering innovation, we’re paving the way to stagnation. At this rate, we won’t just be second in the rankings—we’ll soon take the crown for economic shortsightedness. 🏅

Well done