GM Readies Plan to Trim Europe Output - WSJ.com
People think government benefits are 'free'. They forget that a 20% - 23% VAT (with an extra car tax of an additional 20% or so in Portugal) shift the 'economic utility' curve for cars.
So the car unions ought to attack the welfare state and massive numbers of public employees who drain the resources of the public to buy cars.
There is no free lunch!
Thursday, March 22, 2012
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