European “austerity” includes massive tax increases (which are counter-productive)
“European “austerity” includes massive tax increases (which are counter-productive)”
But in the case of Greece, they have no money so the “tax increases” would necessarily come from the other EU countries would the not? Greece has no wealth left to tax, but you are right they are completely counterproductive. Their “1%” can’t pony up the 40% of all taxes that they do here. Greece has succeeded in running out of other people’s money!