Austrian Industry Reaffirms: „We need structural reforms”

CommentOpinion ♦ Published: October 13, 2012; 15:13 ♦ (Vindobona)

The President of IV (Federation of Austrian Industries) Georg Kapsch argues that more justice cannot be achieved with new taxes.

Austrian Industry Reaffirms: „We need structural reforms” / Picture: © IV / Günther Peroutka

Only structural reforms will allow a debt reduction, Kapsch says. “Justice means equal chances and equal return for equal work and solidarity. But justice does not mean equality. By contrast, everyone has to make contributions to the society.” According to Kapsch, the readiness to perform is the precondition therefore.

Kapsch underlines that the tax quota in Austria is…