State of the Nation - Speech on Public Debt
I finally agreed that we've got to sell the highways. I say, go and sell them. (Yes, and that's me, the very avid car driver. So listen.)
The public is *willing* to pay sth for the highway use, since the society has *agreed* some time ago to have the highways. And to have social security and all this stuff. So: It's better to sell the highways *now*. This means that the state will not make new debts. This also means that the public will pay for highway use. By now, the public pays for that *as well*. Through taxes, or interest rates on debt later on.
So I say, sell them now, and the public can decide whether it's important enough to use highways and pay for that. Highway is just one example of what (German) society has agreed upon as minimum social standards. We want to have those standards, and we get what we pay for. Now we pay less (taxes), so the state has to finance highways/unemployed/... through debt.
So I say, *sell* all those social obligations, and we pay for what we want to have immediately. Then the public will decide much faster whether we want to still use/subsidize e.g. the highways. It will be a much more direct way of deciding on social standards for everyday life. Sure, we cannot sell unemployment financing, since nobody would like to pay for that voluntarily. But everything else... we want it, we need to pay for it. We pay for it, we get it. So, instead of paying through debt and interest rates, pay it directly. With some obligations on how much profit the private companies may make on that.



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