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That's exactly what it is. Privileges and handouts in exchange for obedience and votes (at least nationally - the EU has gone full CCP with their irreplaceable
by Proven 5y ago
That's exactly what it is. Privileges and handouts in exchange for obedience and votes (at least nationally - the EU has gone full CCP with their irreplaceable bureaucrats).
> through taxes and inflation, which is the worst kind of tax.
100% correct. Most EU members have official debt that equals GDP (some are worse) and they probably figure they have another 50% of GDP to borrow.
Now is also a great opportunity to transition from Covid 19 handouts to UBI (first experimentally and then - after EU-funded scientists discover it works really well - on an ever growing scale).
If they spend 5% of GDP per year on UBI, that can go on for a decade or longer before everything collapses.