Stimulus package to use, it creates no Confidence – economy

Who needs tomorrow, consumers can today destroy do not trust. The policy must improve their aid packages with a view to the citizens, says Germany’s top consumer advocates.

It’s raining billions. Until Recently, unimaginable amounts of money cash flow out of the state in the economy. They are intended to give companies security and Confidence, in order to get jobs. That is right and reasonable. Is wrong, how little security the consumers win. To come out of the crisis, need both sides trust. The government needs to make improvements.

All the aid packages – the most recent 130-billion-oomph – focus extremely heavily on the supply side. The biggest part comes from firm to Good. The economy, as Economists argue, it doesn’t matter, where the state gives money in circulation – as long as it is issued. But here the Problem begins: when. There are two poles of the circuit, where the money is “seepage” can be: the supply and the demand side. So it flows, need both poles of Confidence and security. Unsafe companies will not invest to create jobs. But unsafe consumer does not consume. You save.

At the heart of the “boom”package, the VAT reduction is the coalition, according to. You should strengthen domestic demand and a cost of 20 billion euros. The Federal Minister of Finance explained, the economy should enter a one-to-one to the consumer. Some companies announced this already. Others argue, to lower the prices for six months, had a disproportionate effort. The gastronomy wants to keep the tax cut for the consumer completely. Economists are divided on how much the could arrive at the consumers. Those who ask around for consumers, if the companies collect the tax cut, or continue to be, the Confidence and security look different. For many, the distrust is in the majority.

Two questions: How big is the consumer would be-frustration, if the prices were falling and the imaginary billion when the company landed? And secondly: Why must citizens be dependent on the company you money, instead of to receive, such as the firm, fast and direct aid?

For parents, after all, a direct assistance is planned. The second is a “consumer item” in the “oomph”package is the Bonus of 300 Euro per child. For financially poor families, he is a gift. Gutverdienern it is deducted in the tax return, because the children will not be free is to be increased. This is socially balanced and fair. The construction, however, has a weakness: a Lot of families in financial the midfield don’t know how much you can keep. At the end of the 260 Euro hang? 150 Euro? 30? Here, too, the following applies: planning security looks different.

Prefer 600 Euro child bonus as less VAT?

The third consumer is the reduction of the EEG is a post-levy. Also, the consumer had demanded a Central Association. However, the electricity prices should decline noticeably. By the new regulation, the average household saves according to estimates, around ten euros – in the year 2021. A few cents per month will trigger neither a Stimulus nor Confidence and security increase, on the contrary, The Corona-crisis brings many consumers, more uncertainty and less money. Around seven million, according to the Ifo Institute in may in short-time work. This is better than to lose the Job, but it also means a third less income. Others had to take care of, instead of making money, children, their annual leave are exhausted, or reduce working time.

On the plus side, many consumer-accounts decrease the amounts. On the debit side, many direct debits and standing orders remain the same. For some things, such as real estate loans, and Rent was negotiated at the beginning of the crisis, a Moratorium. They can be deferred. However, these arrangements run out, then the payments are fully due and payable. Is paid to the consumers nothing.

The uncertainty in relation to contractually agreed upon and, often, already paid for the services is increasing. The gym does not cost more in the future just as much, even if I go spontaneously, showering or in the Sauna? It is in the extra because of the children’s programme booked Club-vacation care give? Can I cancel, if that is the case, free of charge? And then vouchers! In the field of travel, the intention of the government could be blocked. In the event the area is now: consumers will be forced to leave the already made advance payment company as an interest-free forced loan for up to two years. If necessary, against their will. The law enters into force retroactively changes the conditions, under which the purchase was made. The risk that the operator gets lost in these two years, broke and the money was passed on to the consumer. The “empowered consumer” sends his regards.

This regulation helps the industry, because you do not have to refund the payments in times of crisis. In the short term. In the long term, will cost you trust. If, as a result of customers going in the future, less in advance, tickets only at the box office, instead of in advance purchase, no long-term contracts are received, the also to the detriment of the company.

The government needs to make improvements. Consumer assistance may not be company-dependent. A reduction in the cost of electricity to an additional nine billion, twice as high and better-declared children of bonus of 600 Euro would be a possible Alternative to the VAT reduction. And also a significant reduction in non-wage labour costs, which ease the burden on workers and companies alike, could come into consideration.

Important to businesses and consumers is that both sides are taken in the focus: and the latter will be really relieved.

VAT-reduction and children’s bonus are good measures?:To The Reader Discussion