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Italy shocks banks with 40 percent windfall tax for 2023
(www.aljazeera.com)
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this post was submitted on 09 Aug 2023
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Did pretty good? They lost them.
They're having huge troubles with habitation.
Lower energy prices were achieved with government debt by subsidising the prices. By comparison, Germany is doing quite fine when compared to Spain:
So, basically the tax payer ended up paying the (lower energy prices in taxes raises)[https://elpais.com/economia/2022-11-30/espana-en-el-podio-de-paises-de-la-ocde-con-mayor-alza-de-la-presion-fiscal-en-una-decada.html]. So you basically fell for the socialist trap, that's giving some benefits while raising the taxes, which ends up screwing people even more.
The inflation rate being better in Spain is well... good but on everything else they're far worse than even Germany.
The debt looked like this well before the energy crisis and it grew to over 100% under right wing government: https://www.macrotrends.net/countries/ESP/spain/debt-to-gdp-ratio Current government was hit by Covid but they actually managed to lower it in 2021. And I'm of course not saying that Spain is economically in better situation than Germany over all, just that this government managed current crises pretty well and got inflation and GDP under control faster than them and most other countries.
Yes, with record breaking taxation... Apparently for Lemmy fucking over people's lives is all good as long is the government doing it and not some corporation.
Sure, because higher taxes fuck over people's lives but inflation, recession, unemployment and high costs of living do not. Just look how happy everyone is in UK with their current cost of living crisis. Not raising taxes sure worked out great for them...
Also, I'm not Lemmy. Don't know why would you generalize like that.