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Marcin Zielinski

ABOUT Marcin Zielinski
President & Chief Economist of Civic Development Forum (FOR). Author of research papers on the Polish economic transformation, the role of private property in the economy and economic analyses of regulations, financial market and the banking sector. Translator of books, incl. David Friedman’s, Friedrich August Hayek’s and Ludwig von Mises’, co-translator of the Bourgeois Dignity by Deirdre N. McCloskey, laureate of International Vernon Smith Prize for an essay on “Concurrent Currencies: A Choice in Money to Solve the Crisis?” in 2011, Stockbroker (license number 2894), investment advisor (license number 536).
What Is Wrong with Polish Tax System?
Economy
What Is Wrong with Polish Tax System?
BY Marcin Zielinski, Hubert Wejman AND FOR / October 1, 2024
The tax system has a profound impact on a country\'s economic growth for two reasons. Firstly, in developed countries, taxes typically amount to the equivalent of one-third to even half of the GDP. Such a high level of taxation affects taxpayers’ economic activity. Secondly, for the state to collect taxes, it must maintain appropriate regulations defining the tax base and rates.
First Low Inflation, Then Cheap Loans
Economy
First Low Inflation, Then Cheap Loans
BY Marcin Zielinski AND FOR / June 30, 2023
The ongoing election campaign has become an opportunity for political parties to present populist solutions to problems that are not always real. One theme are the seemingly high mortgage rates. In reality, however, rates are much lower than the current and projected increase in prices and wages, which means that the burden on debtors would decrease even if they would not pay their instalments and the interest would increase their debt.
Kaczyński about Balcerowicz’s Reforms – Then and Now
Politics
Kaczyński about Balcerowicz’s Reforms – Then and Now
BY Marcin Zielinski AND FOR / March 14, 2023
According to Jarosław Kaczyński, PiS’ government is not decidedly fighting inflation, not to repeat Leszek Balcerowicz\'s alleged mistakes from the times of transformation: \"We were making up for this shock for several years.\" In reality, however, reforms of Leszek Balcerowicz turned out to be a huge success, and Kaczyński himself was once a supporter of radical solutions.
Additional Tax on Apartments: from Myth to Very Bad Policy
Economy
Additional Tax on Apartments: from Myth to Very Bad Policy
BY Marcin Zielinski AND FOR / March 13, 2023
According to the increasingly popular narrative, apartments purchased for investment purposes are almost synonymous with unoccupied buildings, that is uninhabited properties. The villains are investors, both institutional (apartment funds) and individual (wealthy individuals). They allegedly buy apartments from the market in order to \"speculatively\" refrain from placing them on the market in anticipation of a further increase in real estate prices.
Scary Bill from Polish Government
Economy
Scary Bill from Polish Government
BY Slawomir Dudek, Marcin Zielinski AND FOR / August 23, 2022
In 2021, public expenditure per capita in Poland for the first time exceeded the amount of PLN 30,000. It accounted for 44.2% of GDP - less than the year before when the pandemic hit, but still much more than in 2019. Since 2015, public spending in Poland has increased in real terms by over 35%.