The standard of living in Europe is much higher compared here in the U.S.
though at present the dollar value has been declining slowly.
It's prevalent in Europe that 50% from the annual gross income of the working class
is paid to the federal taxes ug mao usab kana ang giplano sa namunuan dinhi
kay sa pagkakaron bisan sa kadaghan sa buhis wala pa kita mo igo sama nga
porsento pareha nila.
The euro according to economist Richard Douthwaite wrote on May 7 in the Irish
Times;
"Economic growth cannot increase incomes reliably and quickly enough
to deliver the desired result. The only possible remedy is inflation. This could be
engineered by having the European Central Bank create money out of nothing
to give all the euro zone countries to spend."
The problem with inflation is that it hurts the working class because it acts like an
indirect tax. It lowers the purchasing power of the money, thus you pay more
for everything you pay for.
Linkback:
https://tubagbohol.mikeligalig.com/index.php?topic=28176.0
