[sumsome]

i hope this motivates all those guys who transitioned from engineering into finance to get back and do some actual work

[constantcrying]

It will motivate these people to leave Germany and do finance elsewhere.

It is not a country which has particularly much to offer if you are making decent money.

[sva_]

The incentives are stacked up really weird here. There are a lot of situations in which earning more money just means paying more tax and getting less social benefits, so your income stays about the same.

I'm personally leaving next year. But there are many other reasons.

[sumsome]

I never thought about it this way. This explains quite a lot. I guess the only people who stay are those who don't have the creativity or desire to enjoy their wealth beyond just making it, whether they like their jobs or not, which, for some reason, does strike me as quite 'German'.

[alephnerd]

How does a local government finance local infrastructure development?

- They issue bonds to be sold to financiers at banks like JPMC, RBC, etc.

- They get their debt serviced by financiers at banks like JPMC, RBC, etc