Thursday 20 September 2012

Cut Public Expense

It is really the only way forward. The current public structure (including state-owned companies) is clearly overburdening the economy - not only with taxes, but also with bureacracy and inefficiency. Portuguese tax payers (and economy) are clearly choking due to this heavy, out-dated machine. Cutting it strongly (including laying-off several dozens of thousands of workers) is unavoidable (as well as tackle down corruption). We need this to low taxes and to drive economic growth.

Summing it up: More taxes are not the solution, simplification of public administration is.

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