The announced severe hike on tax rates announced by the Portuguese Government jeopardize any possibility of economic recovery. By taking the path of taking more money out of the economy through taxes (instead of actually cutting down on unproductive expenses), the Portuguese Government is actually increasing its blueprint on the Portuguese Economy, killing it. Any prospect of economical recovery has now been washed out by an irresponsible choking of private income and Demand.
Portuguese people have bravely endured the austerity measures, and were (and are) ready for more. But, I really doubt they will passively let their economy be killed.
http://static.publico.pt/homepage/infografia/economia/TabelaIRSset2012/
Posts
No comments:
Post a Comment