Can money distribution really motivate people to find a job? It doesn’t seem like it. But this depends on the level of basic income. If it is high, people might lose the incentive to look for an employment. However, the financial side of the Finnish experiment is not a tricky one.
No, this is not a story about the fear of computers. This is the story of how well-established civilization gains can be transformed to send the citizens, businesspeople, and civil servants on a terrible odyssey with entirely new bureaucratic processes.
According to the F. A. Hayek Foundation, total redistribution rate in Slovakia this year is 41.71% of gross domestic product.
The flat tax countries are under a growing pressure to revert their flat tax reforms and necessary fiscal consolidation is used as an excuse for such requests.
Unexpected news came from Scandinavia last week. Sweden will have lower corporate tax rate than Slovakia! Last Thursday Swedish government announced its intention to lower tax rate from 26,3% to 22% in order to „strengthen climate for investments and growth“ in the country. Well, even Scandinavian socialism is not what it used to be. Truly shocking news from Southern Europe: Greece will need a third bailout. According to the country’s representative in the negotiations of…
In June of 2012 the newly elected Slovak government finally unveiled first official blueprint of highly rummored consolidating measures. The main objective is continuation of cutting the fiscal deficit below 3% of GDP until 2013. Although we find some of the measures positive, an overwhelming majority of the presented proposals will have a negative impact on Slovakia and its citizens as this consolidation mostly relies on imposing more taxes. Despite many government’s reassurances, most of…
