Sustainability
In general, the behavior aimed at meeting the needs of those living today without compromising the possibilities of future generations (an attempt to provide the best outcomes for human and natural environments both now and in regard to further generations). – In particular, a fiscal policy that – covers expenditures at least in the medium term through regular revenues (budget constraint), – aligns the division between consumption and investment to an economically sensible ratio, whereby – the division into the servicing of claims from the past, such as debt service or pensions, and investments to increase future performance must also be taken into account (spending pattern); even a balanced budget with a high investment share cannot be sustainable if it is financed with an excessive tax burden. This leads to a decline in the willingness to work, migration, undeclared work, tax avoidance, etc. – Because a fiscal policy that runs counter to the sustainability imperative will sooner or later affect the value of money, central banks are constantly pressing for sustainability. – When engaging in the financial market, the focus is not on short-term gains but on the outcome over longer periods (concerned about the long-term financial viability of an activity). – See age ratio, investment, ethical, bonus system, demographic hardening, high-speed money, inverting, capital flight, eco-rating, stability and
tum pact, sustainability fund, triple bottom line, sustainability of public finances, constitutional article one.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/