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Michael A. Arouet: Europeans, unwilling to admit they are becoming poorer...
Michael A. Arouet
11, July #WirtschaftWackelt

Michael A. Arouet: Europeans, unwilling to admit they are becoming poorer...

Europeans, unwilling to admit they are becoming poorer, argue that in the US only the super-rich are doing well, while Europeans are better off than Americans. Nope, Americans, excluding the top 1% and even the poorest 20%, are much better off than their European equivalents.
Michael A. Arouet: Europeans, unwilling to admit they are becoming poorer...
https://x.com/MichaelAArouet/status/2075914761292714118
#WirtschaftWackelt
Michael A. Arouet: Isn’t it hilarious that leftists...
Michael A. Arouet
28, September #WirtschaftWackelt

Michael A. Arouet: Isn’t it hilarious that leftists...

Isn’t it hilarious that leftists keep raising income-tax rates and introducing wealth taxes, then always act surprised when revenues fall? When the state treats success as a piggy bank, the mobile simply leave and those who stay stop working hard, innovating, and creating jobs. France tried it, the wealth tax raised little and triggered an exodus of millionaires, capital, income taxes, and the jobs that went with them. Sweden dropped its wealth tax for the same reasons: high administration costs, valuation disputes, and people voting with their feet. A wealth tax is especially counterproductive, it damages revenues, jobs, and growth. It hits unrealized gains, illiquid businesses, and people whose “wealth” is a company that employs others and drives innovation. Punish the builder and you lose not just one taxpayer but the jobs, prosperity, and future tax base that never get created. Why is this so hard for leftists to grasp? Why are they so blinded by envy and their own failure in life?
#WirtschaftWackelt
Michael A. Arouet: Italy, Spain, Germany...
Michael A. Arouet
19, September #WirtschaftWackelt, #GrenzPolitik

Michael A. Arouet: Italy, Spain, Germany...

Italy, Spain, Germany and some other European countries built some of the world’s most solid pension systems. They are now running out of children. Fertility sits around 1.1–1.4. Italy and Spain are among the oldest large nations on earth. The ratio of workers to retirees is collapsing. Pensions and healthcare are pay-as-you-go systems designed for a pyramid, not an inverted one. Mass immigration is sold as the easy patch, but is it? Young arrivals can delay the crunch for a few years if they work and pay in. Large inflows into welfare, informal work or low-productivity jobs do the opposite: they raise immediate fiscal costs, strain housing, healthcare and schools, and add future claimants who will also grow old. Low-skill migration does not restore the contributor-to-beneficiary ratio these systems urgently need. It often worsens the net fiscal picture over a lifetime while leaving the native birth collapse untouched. What makes it even worse, competition for entry level jobs in countries with high youth unemployment like Spain makes it even harder for young people to find a job and start a family. You cannot import a working-age population forever without caring about background and integration. That creates two-tier societies that erode the solidarity the welfare state depends on. The honest conversation is harder: why families of two or three children became economically and culturally rare, and why housing, work and time no longer line up with having kids? Mass immigration of the current mix is a delay tactic. Is it the right solution though?
#WirtschaftWackelt, #GrenzPolitik
Michael A. Arouet: Believe it or not...
Michael A. Arouet
11, September #WirtschaftWackelt

Michael A. Arouet: Believe it or not...

Believe it or not, but France charges a child €58k to inherit a €400k family home from his mother. Italy, Spain, Germany, the UK, Poland, Portugal: €0. United States: $0. One country treats a modest family home like a taxable windfall. The others treat it as what it is: a parent passing on what they already paid tax on all their life to a child. You can't call it solidarity, you can't call it fairness. It is stealing from the dead. Prove me wrong.
#WirtschaftWackelt