Europe’s Ailing Social Model: Facts & Fairy-Tales | The Brussels Journal
Europe’s social disaster is unfolding while the rest of the world is booming at its fastest rate in three decades. Paradoxically, the Old Europe of the West must now learn from the New Europe of the East, where after years of disastrous socialism, low and simple flat taxes are being introduced, luring investors from all over the world. The higher the tax level, the lower the incentives to make productive contributions to society. The higher the fiscal burden, the more resources flow from the productive sector to the ever more inefficient government apparatus.
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