"[A]1942 levy required property owners to pay ten years of the tax in advanced in a single lump sum. Because property owners were prohibited from raising rents, they alone bore the burden. In addition, the Reich appropriated other revenues that had previously belonged to local authorities.All told the state collected the considerable sum of 8.1 billion reichsmarks (in today’s currency the equivalent of around 100 billion dollars) in additional revenues in 1942-43. The financial newspaper Bankwirtschaft hailed the windfall as ‘a satisfactory result in terms of both limiting consumer spending power and improving the state budget."
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Journalists from GermanyHistorians from GermanyNon-fiction authors from GermanyPolitical scientists from Germany
Original Language: English
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pp. 62-63
https://en.wikiquote.org/wiki/G%C3%B6tz_Aly
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Götz Aly
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