WRLD

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Geert Noels

@GeertNoels wrld.org
2 followers
Geert Noels 3w

Geert Noels argued that welfare abuse was neither social nor solidarity-based and that working people were being overburdened, leading to job losses. He wrote that Denmark had addressed this issue and that, in his view, the economy and social protection went hand in hand there. According to Noels, too many interests in Belgium impeded a similar approach. #uitkeringen #solidariteit #economie (translated)

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Geert Noels 3w

Geert Noels wrote that Belgium, in his opinion, would miss opportunities if the government viewed AI as a threat that needed to be compensated for with extra government jobs. He argued that the economy should actually benefit from technological progress and that AI could also make the government significantly more efficient. According to Noels, AI was not a problem to be subsidized away, but an opportunity to seize. #AI #Technologie #Economie (translated)

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Geert Noels 3w

Geert Noels wrote that Belgium and France were, in his opinion, the two most redistributive countries in the world. According to him, this led to the greatest income equality but also to the largest government deficits and a lot of social unrest. He stated that no further redistribution was needed, but rather much more personal responsibility. #België #Frankrijk #Inkomensgelijkheid (translated)

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Geert Noels 3w

Geert Noels wrote that layoffs occurred in the Belgian business sector and bad news was released, while some governments believed that companies and workers could shoulder even more burdens. He urged the governing parties to wake up and stated that the Belgian economy could no longer bear government spending. #BelgischeEconomie #Werkgelegenheid #Overheidsuitgaven (translated)

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Geert Noels 3w

Geert Noels wrote that Belgian politicians, in his view, faced the choice of making Belgium resemble France or Denmark. He emphasized that this outcome, according to him, was the result of an active choice, not something that happened on its own. https://t.co/Lu19zwwBsI #België #Politiek #Keuze (translated)

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Geert Noels 3w

Geert Noels wrote that Belgium could learn from Denmark, where social democrats had realized that social security, responsibility, and competitive strength could go hand in hand. He argued that Belgium should follow that course, otherwise it risked further taking the current French path and going bankrupt. https://t.co/EOt2JfyBOC https://t.co/UGFcZoQjQa #België #Denemarken #SocialeZekerheid (translated)

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Geert Noels 4w

Geert Noels wrote that students who spoke in the newspaper said they needed a room because they sometimes had classes at 8 AM and otherwise had to travel 20 minutes by train. According to Noels, they therefore felt that they needed an additional allowance. He argued that the system was never meant for that. #studenten #onderwijs #uitkeringen (translated)

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Geert Noels 4w

Geert Noels wondered whether it was fair to other workers that long-term sick individuals could work and simultaneously benefit from two subsidized systems. https://t.co/DzcUpsJlAr #werkgelegenheid #gezondheid #socialezekerheid (translated)

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Geert Noels 4w

Geert Noels wrote that the country would soon have automatic indexing as the only one, while only the number of government jobs would continue to grow. He described this as a situation where everyone would be completely dependent on the government. #indexering #overheid #werkgelegenheid (translated)

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Geert Noels 4w

Geert Noels wrote that in Belgium, the people who paid the most taxes were labeled as antisocial, while the largest recipients of transfers and subsidies were considered social. According to him, the image did not need to be completely reversed, but it did show a lack of respect and economic insight. #België #Belastingen #SociaalEconomie (translated)

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Geert Noels 4w

Geert Noels expected that the government would try to manage the budget problem mainly through limited interventions. According to him, it would avoid a large budget and remain in power to prevent a fall from being perceived poorly, but in doing so, it would miss an opportunity to intervene. Without a plan to increase economic growth, the budget would not be in order according to Noels. He wrote that many people in the Wetstraat did not understand that. #begroting #economischegroei #regering (translated)

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Geert Noels 4w

Geert Noels argued that street protests should never carry more weight than the vote of voters in the voting booth, as otherwise there would be no democracy. #democratie #stemrecht #politiek (translated)

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Geert Noels 4w

Geert Noels wrote that his daughter had hope compared to a muscle that needs training. According to him, young people were worried about AI, the climate, shortages, and insecurity. He stated that good policy could provide real hope and called for a plan to be made to prevent a generation from losing hope. #Hoop #Toekomst #Jongeren (translated)

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Geert Noels 4w

Geert Noels stated that there was a 5% shortage of the GDP, while the government, according to him, could not detain criminals. He called that painful and placed the comment under the hashtag #CoreTasks. #Kerntaken https://t.co/DDR7cZNHJD #BBP #Overheid #Criminaliteit (translated)

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Geert Noels 4w

Geert Noels wrote that more people needed to work in the private sector and that there was a need for more control over taxes and unjust benefits. According to him, new taxes were not necessary, but more courage was needed to tackle issues. #Werkgelegenheid #Belastingen #Uitkeringen (translated)

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Geert Noels 4w

Geert Noels wrote that Paul De Grauwe's prediction about the debt ratio and the projection had been wrong, because De Grauwe had thought that interest rates would always remain low. https://t.co/CZLX6xPPwF #schuldratio #rente #voorspellingen (translated)

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Geert Noels Oct 10

Geert Noels stated that the richest 20% of the Belgian population paid 65% of wage taxes, compared to 7% by the lower half. According to him, those taxes financed social benefits and transfers that went back to the lower incomes. He wrote that the tax burden on the highest incomes could not rise further and noted that they had little time and organization to take to the streets. #belasting #socialeongelijkheid #economischbeleid (translated)

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Geert Noels Oct 10

Geert Noels wrote that he understood why parties stood up for the majority of the population who, according to him, contributed little. He called it immoral that they defended social abuses in his opinion with an appeal to solidarity and social arguments. #solidariteit #maatschappij #ethiek (translated)

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Geert Noels Oct 7

Geert Noels stated that a study by Vooruit estimated the annual cost of corporate taxation at 4.2 to 4.7 billion euros, but according to him, due to significant errors, it actually amounted to about 1 billion euros. He argued that this cost could not be offset by higher taxes, which he believed would cause more harm than benefit; he advocated for better oversight of bogus self-employment. Noels identified the main mistake as the comparison between directors via a management company and employees. According to him, directors were legally self-employed and paid contributions up to a ceiling. This comparison would overestimate the estimate by more than 1 billion euros. Moreover, employer contributions were calculated based on the total labor cost instead of the gross salary, resulting in a calculation of 33 percent instead of 25 percent. Noels also disputed that there were four independent estimates: according to him, they used the same rates and distribution keys. He pointed out that estimate C assumed 24 billion euros in shifted profits, compared to about 15 billion euros in total profits in estimate A. Furthermore, factors such as the tax shift, energy crisis, inflation, the reform of corporate tax in 2017, and Pillar 2 were not included as explanations for the macro figures. Also, liquidation reserves of ordinary SMEs would have been counted as leaks. According to Noels, the study also did not take behavior effects into account, such as substitution, cessation, moving abroad, losses, or bankruptcies, and only included companies with profits. He therefore labeled the note as an unreliable basis for policy and believed that bogus self-employment should be addressed directly. Finally, he urged academics, journalists, and politicians to respect the facts when it came to entrepreneurs and risk-takers. #Vennootschapsbelasting #Economie #Belastingen (translated)

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Geert Noels Oct 7

Geert Noels wrote that the memo from Vooruit about management companies contained grotesque methodological and accounting errors according to him. He stated that newspapers and parties could easily expose this and said that entrepreneurs in the country were fair game. https://t.co/ErLtEX2K0E #managementvennootschappen #ondernemen #journalistiek (translated)

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