HOW TO ENCOURAGE GROWTH: Why Spain’s Widening Budget Deficit Helps Portugal - The Euro Crisis - WSJ

Why Spain’s Widening Budget Deficit Helps Portugal - The Euro Crisis - WSJ

Higher taxes as part of austerity have to be counter-productive. Loosening labor laws and protections, cutting back on government regulations and red tape are productive.

How does a small business survive or start when income taxes reduce the ability to accumulate equity and higher VAT taxes raise the cost of plant and equipment?

Few people work, save or invest to put money and benefits in someone else's pocket.

There is a huge amount of global business looking for a low tax, regulatory friendly home. Too bad socialists and most labor unions lack the ability to even contemplate how to grow economies.